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by Robotbeat
2295 days ago
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This is just not accurate. The Buffalo plant economic stimulus package had a clawback provision if Tesla doesn't meet employment milestones. They have been meeting those milestones and so will not have to pay the fee:
https://buffalonews.com/2020/02/13/tesla-looks-like-a-good-b... I know people want to make this into some corruption scandal (blaming it either on the state or on Tesla or both), but the state did their job by putting these employment requirements in their contract WITH PENALTY, and Tesla is doing their job by hiring enough people to avoid the penalty. What's really the problem, here? 5/6ths utilization of capital equipment seems pretty good, particularly in a fast evolving field like solar power (where things like bifacial panels and Tesla's integrated solar roof weren't really a thing when the deal was first signed). |
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The state of NY just wrote off 92% of the value of its $957M investment in the factory: https://buffalonews.com/2019/11/08/pennies-on-the-dollar-the... Does that sound like Tesla is operating at 5/6 utilization of capital equipment?
Panasonic just announced that they're pulling out of the Buffalo factory: https://www.eveningtribune.com/news/20200227/after-nys-750m-... Tesla just wasn't giving them the business that they were promised in 2016 when they joined the project.
I had high hopes for this project when it was announced. It is near my hometown, and I thought it might be a good boost for the local economy. All it seems to have been is a big siphon from public funds, but not a siphon to where it is needed.