Nevada Insuring Itself Against Faraday Future’s Murky Present

Nevada Insuring Itself Against Faraday Future’s Murky Present

Nevada, home to Tesla’s “Gigafactory,” is taking a different tack with its other soon-to-maybe-be electric vehicle producer, Faraday Future. To make sure its $215 million package of tax incentives and abatements actually creates a factory that will employ Nevadans, the state has levied a number of conditions on Faraday, which includes putting up millions of dollars to develop the future 18,000-acre Apex Industrial Park site the company will call home.

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