Topics

Iowa State University
Nevada overstating economic benefits of Tesla factory, analysts say
Nevada overstating economic benefits of Tesla factory, analysts say

When Nevada Gov. Brian Sandoval announced a $1.3-billion package of public subsidies to lure a Tesla Motors battery factory, he stressed that the huge sum would be dwarfed by an economic windfall for local residents. The electric car maker will create $100 billion in economic benefits, he said, and "change Nevada forever." "Even the most skeptical economist would conclude that this is a strong return for us," Sandoval said during a news conference this month with Tesla Chief Executive Elon Musk. Economists who reviewed Nevada's economic benefit estimates for the Los Angeles Times concluded something quite different. They pointed to flawed assumptions and...

Loading