Aug 14
2024
New Tesla deal slashes penalties, ups rent
New York State officials are prepared to slash penalties on Tesla in coming years, even if the company fails to hire enough workers at its South Buffalo plant and across the state. Under the company’s current arrangement with the state, Tesla must employ 1,460 workers in Buffalo and 2,000 statewide or else pay a $41 million fine. That deal, however, expires this year. According to details of a draft agreement, which could run through 2034, Tesla must employ 1,800 in Buffalo and 3,000 statewide. The current penalty will stay in place through 2029 but will drop to $10 million after[...]