Missouri City Offers Tesla $1 Billion of Incentives for Cybertruck Plant [TheStreet.com]
Tesla, Inc. (TSLA)
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Source: TheStreet.com
The city of Joplin, Missouri is offering Tesla(TSLAGet ReportThe website "Choose Joplin" has been created to entice the Palo Alto, Calif., electric- vehicle maker.Among other things, Joplin is offering a 50% discount on a 1,042 acre site; 100% tax abatement for 12 years; state and local sales tax exemptions; and over $75 million in annual payroll savings.Toby Teeter, president of the Joplin Area Chamber of Commerce, went on Twitter Monday to speak directly to Tesla Chief Executive Elon Musk on the city's behalf."@elonmusk Joplin is offering a $1 BILLION package of incentives and savings to land @Tesla's new #gigafactory that will manufacture batteries and #Cybertrucks. Tesla should #ChooseJoplin, the home of battery technology," Teeter wrote.Musk last month said on Twitter that the company was scouting locations to build the Cybertruck somewhere in the central U.S.Musk said the new factory would also make Model Y crossovers for customers on the East Coast.Tesla did not immediately res
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