Tesla expects to purchase up to $463 million to expand manufacturing and related facilities in four California locations (Fremont, Hawthorne, Palo Alto and Lathrop). The company will avoid paying about $39 million in sales taxes on the planned equipment purchases.
|Tesla charging in Maastricht, Nethlerlands October, 2015|
With the benefit approved this week, Tesla has received over $120 million in sales tax exclusions for manufacturing equipment under the CAEATFA program. Many other companies, ranging from anaerobic digestion to landfill gas to photovoltaic manufacturing and others have successfully utilized the program (details on the program here). CAEATFA is one of the financing authorities chaired by State Treasurer John Chiang.
Tesla expects to purchase equipment and tooling for components ranging from body tooling to plastics to paint. Below is the anticipated cost of the various types of equipment.