Newsom says ‘there is no Tesla without’ California. Here’s how much money $TSLA has received from the state

[image]

The Chronicle asked the governor’s office to back up his claim that the company has received more than $1 billion in subsidies, and it turns out that Tesla has benefited from state assistance to an even larger degree than he suggested.

Tesla has received more than $3.2 billion worth of direct and indirect California subsidies and market mechanisms since 2009, according to an estimate from Newsom’s office.

That total includes credits the company receives for producing zero-emissions vehicles, which it can sell to other automakers, as well as more direct subsidies like rebates for Tesla buyers and sales-tax credits.

2 Likes