With a key tax break from a local school district, Tesla Inc. (NASDAQ:TSLA) is one step closer to building an electric pickup truck plant in Austin, Texas.
The Del Valle School District just southeast of Austin has approved an incentive package for Tesla that would give the electric vehicle maker $46.4 million in property tax breaks over 10 years if it locates a proposed $1 billion factory on district land.
Tesla is also seeking approval from Travis County commissioners for additional tax...
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