Sunday, January 8, 2017

"France’s Economy Minister Visits Tesla in Bid to Woo Musk" (TSLA)

Mr. Musk has a few countries bidding against each other.
To date it appears Portugal and Holland will be making serious bids with reason to think Germany as noted in the headline story will also,

He's very good at playing one entity against another. For the U.S. gigafactoey he had Arizona, Texas, New Mexico, and Nevada bidding to give him incentives (the idea of manufacturing in California was dropped early on). Nevada won with a total bid of $1.3 billion in various packages including $195 million in transferable tax credits which, because they can be sold immediately, are equivalent to a cash gift.
As I said, Musk is very good at this.

More links on the Europeans below.

From Bloomberg, January 6:
France is setting out to entice Tesla Motors Inc., boasting the country’s anti-pollution stance and incentives for consumers to go electric.

France’s Economy Minister Michel Sapin is due to tour the company’s production site Friday in Fremont, California, to argue that if Tesla is going to expand, it should do so in France, a ministry spokeswoman said.

Sapin is attempting a variation on the tradition that sees French politicians heading to the U.S. amid CES, formerly known as the Consumer Electronics Show, in Las Vegas to promote the country’s push for innovation.

In the European race to court Chief Executive Officer Elon Musk’s company, France risks falling behind. In November last year, Tesla bought German firm Grohmann Engineering and announced plans to hire 1,000 new staff. Tesla already has a satellite office in Amsterdam and an assembly plant in Tilburg in the Netherlands.

Musk, meanwhile, spent his afternoon talking job creation at home. The entrepreneur behind companies building electric cars and rockets in the U.S. discussed economic matters and hiring in a meeting with President-elect Donald Trump’s son-in-law Jared Kushner and aides Steve Bannon and Stephen Miller, according to a senior Trump transition official.

Tesla rose as much as 1.6 percent and traded at $228.35 as of 1:54 p.m. in New York.

EV Subsidies
France is hoping to stand out with incentives for consumers to go electric, with subsidies of as much as 10,000 euros per car ($10,579). It’s more than the $7,500 federal tax credit for electric vehicle purchases in the U.S., and the 4,000 euros in available rebates in Germany. French Environment Minister Segolene Royal last month extended the measure to utility vehicles including taxis and delivery vans.

Royal also mooted in April last year that Musk build a factory on the site of the Fessenheim nuclear plant factory, France’s oldest reactor....MORE
Tesla's European Gigafactory to Produce Cars, Batteries (TSLA)
Tesla Gigafactory 2: several countries launch efforts to attract Tesla’s new electric car & battery plant