To Grab Tesla Motors Inc Gigafactory, California Lawmakers Offer Incentives

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To Grab Tesla Motors Inc Gigafactory, California Lawmakers Offer Incentives
Blomst / Pixabay

California legislators are considering easing permitting regulations to entice Tesla Motors Inc (NASDAQ:TSLA) to open a $5 billion battery “gigafactory” in the state. Separately, New Jersey legislators have filed a bill that would allow the company to continue with its electric car direct sales model.

NJ Lawmakers enticing Tesla

Three lawmakers in New Jersey are proposing the bill by which Tesla Motors Inc (NASDAQ:TSLA) will be able to sell directly to customers, a reversal from the current law where Tesla was banned from direct sales. If the bill goes through, then Tesla will be able to open four company stores in the Garden State.

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