Tesla will benefit from more than $330 million in tax incentives for the expansion of its gigafactory complex in Nevada.
The electric vehicle maker is set to invest more than $3.6 billion with two new factories at its site near Reno. The tax abatement was approved by the Governor Joe Lombardo's Office of Economic Development last week, on the condition Tesla creates 3,000 new jobs at an hourly wage of $33.49. The company previously received a package of $1.3 billion in tax breaks and other incentives from the state in 2014.
One of the two new factories will produce semi-electric trucks and the other will make battery cells.
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