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Mexican state grants Tesla $153 million in incentives for factory
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MEXICO CITY (Reuters) — Mexico's Nuevo Leon state approved $153 million in incentives for Tesla (NASDAQ:TSLA) as the carmaker prepares to build a factory, the state government said in a statement on Thursday.
The incentives, worth 2.627 billion pesos ($152.86 million) and approved by a state economic development council, include a reduction in Tesla's payroll tax.
($1 = 17.1858 Mexican pesos)
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