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    Stock Market News: Volatility Up 14% As Markets Fall

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Tesla wooed by $1 billion Missouri package for Cybertruck plant

Trade News by Trade News
April 15, 2020
in Personal Finance
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Tesla wooed by $1 billion Missouri package for Cybertruck plant
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A small Missouri city is trying to lure Tesla Inc. with big bucks.

The city of Joplin, near Missouri’s borders with Oklahoma and Kansas, is seeking to tempt the electric-car maker with $1 billion in incentives and savings to build a new factory for its futuristic Cybertruck.

Joplin is offering Tesla a 1,042 acre site at a 50 percent discount, according to a website it’s built to court the company led by billionaire Elon Musk. It’s also coaxing the carmaker with a 100 percent tax abatement for 12 years and various other tax breaks and incentives.

The city, which is home to a pair of industrial-battery production facilities, has taken its campaign directly to Musk, with Joplin Area Chamber of Commerce President Toby Teeter appealing to the CEO Monday on Twitter. Tesla didn’t respond to a request for comment on Joplin’s proposal.



Source Autonews.com

Tags: billionCybertruckMissouripackageplantTeslawooed
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