Tesla Motors Inc Offered Perks By New Mexico Businessmen

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Tesla Motors Inc (NASDAQ:TSLA) is being offered more perks in New Mexico as the wealthy people are trying to allure the company in their state to set up the giant Gigafactory.  Lands have already been offered, and now the businessmen are promising a hotel near the Gigafactory, as per the report from krqe.com.

Private sector stepping forward

Prakash Sundaram, the president of Total Management Systems said that he will build a hotel near the Gigafactory if Tesla Motors Inc (NASDAQ:TSLA) decides to set up the plant in New Mexico.

“We’re behind this,” Sundaram said. “It’s not just state and local government the whole community is behind this.”

According to Sundaram, Tesla Motors Inc (NASDAQ:TSLA) is the forerunner of next generation of technology. He said that it is vital for the business leaders in the city of Albuquerque to lend their support and say that they gave got funds and vision for their city. Earlier this month, local investor John Edward promised land upto 400 acres free of charge.

Tesla Motors Inc (NASDAQ:TSLA) Gigafactory is a desired set up for southwest. States like Texas, Arizona, Nevada and New Mexico are all in running for its big battery factory. According to the recent rumors, Texas and Nevada are the prime consideration while Arizona is offering special tax breaks.

Governor Martinez in talks with Tesla CEO

Governor Susana Martinez said that she had considerable conversation with CEO Elon Musk, but refused to give details as of now whether it would be land, tax breaks or easy railroad access.

“I got the impression that we are still in the running,” Martinez said. She added that the sole purpose of holding this talk was to convey Musk that they are still in the race for one of Tesla Motors Inc (NASDAQ:TSLA) facilities. Martinez added that she is impressed that the private sector is taking interest, but would wait for the negotiation to be disclosed. According to Martinez the negotiation should be helpful to the company.

A recent report from Morgan Stanley suggested that Tesla Motors Inc (NASDAQ:TSLA) has emerged as one of the most important car company in the world. Analyst Adam Jones of Morgan Stanley argues that Tesla has shaken the existence of auto biggies, who were active in the electronic vehicle segment. Jones sees Tesla stock around $320 noting that it will grab 1% share in the auto market worldwide by 2028.

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About the Author

Aman Jain
Aman is MBA (Finance) with an experience on both Marketing and Finance side. He has worked as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, reviewing tech gadgets, playing PC games and cricket. - Email him at [email protected]

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