Tesla to Create 2,050 Jobs With $415 Million Production-Boosting Investment in Fremont

DEC 23 2013 BY ERIC LOVEDAY 5

Tesla to Expected to Create 2,050 Total Jobs With $415 Million Investment in Fremont - CA Tax Break to Create 115 of Those 2,050 Jobs

Tesla to Expected to Create 2,050 Total Jobs With $415 Million Investment in Fremont – CA Tax Break to Create 115 of Those 2,050 Jobs – Click to Enlarge

Last week, news broke of Tesla’s $415 million investment to bump up production at its manufacturing facility in Fremont, California.

Model S at Tesla HQ

Model S at Tesla HQ

It was made known at that time that Tesla received a $34.7-million tax break from the State of California under a clean-tech program designed to promote investment in related “clean” industries.

While our initial focus was on Tesla Model S production jumping from 21,500 in 2013 to as high as 56,500 units in 2014 due to the investment, there’s some behind-the-scenes news that was largely missed by the media.

Tesla’s $415-million investment at Fremont will directly and indirectly create 2,050 US jobs.  115 of those jobs are expected to be created as a direct result of California’s $34.7-million tax break.

2,050 jobs!!!

PDF Link to Recent Sales and Use Tax Exclusions in California

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5 Comments on "Tesla to Create 2,050 Jobs With $415 Million Production-Boosting Investment in Fremont"

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If they really do make 115 good paying jobs with the 34 million then they will get their money back in the form of not having to pay for 115 unemployed people along with 115 people paying taxes in the system. As for the 2000 jobs that would really be a good thing on many different levels.

The likelyhood of Tesla hiring people who can’t get jobs elsewhere is probably close to zero, which is what is required for your idea of “not paying for 115 unemployed”….

Actually, Tesla is a pretty plum job. Lots of engineers would jump to work there. I would.

Tesla doing what sports saloon companies should be doing, taking rich peoples savings and turning them into jobs for poor(er) people.

This is what trickle down economics supposed to be. Unfortunately rich bought too few Tesla’s and capital flow to tax havens is too large. Also the usage of speculative financial instruments is very questionable.

I think that if we had tax system that the marginal tax rate is high for the rich, but consumed goods such as cars and solar power systems could be fully deduced from the taxation. Also direct investments to domestic industry could be tax deducible. This would ensure that the rich are either investing on productivity or consuming their income. And it would make trickle down economics actually work.

Hire me please as a technician! I have an Associates of EET, good troubleshooting skills, very computer savvy, not much professional experience though. I’ve applied on Tesla’s site a few times, no responses.