SolarCity, Elon Musk’s fast-growing solar leasing business, broke ground Tuesday on a huge factory in Buffalo, N.Y., to build high-efficiency solar panels. In each case, Musk’s companies are trying to ensure a future supply of low-cost, high-quality equipment to fuel their expansion. [...] each project has attracted significant taxpayer dollars. [...] as part of an agreement with the state, the company will spend approximately $5 billion on capital costs, operational expenses and other costs associated with the facility during the initial 10-year lease period,the filing said. By comparison, Nevada officials offered Tesla tax breaks worth more than $1.2 billion to entice the automaker, based in Palo Alto, to build its battery factory in their state.
Comment on Elon Musk’s “other” Gigafactory breaks ground in Buffalo
By David R. Baker, San Francisco Chronicle: Business
Tue, 09/23/2014 - 4:40pm
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more