2-6-18 As seen in the Buffalo News: Trump's solar tariffs open an escape hatch for Tesla
Posted on February 05, 2018
Trump's solar tariffs open an escape hatch for Tesla By David Robinson | Published By The Buffalo News February 6, 2018
New tariffs on solar panels give Tesla Inc. an escape hatch if it can't deliver on its job creation and investment promises at its sprawling solar panel factory in South Buffalo. The escape hatch could allow Tesla to avoid paying up to $41.2 million a year in penalties to the state if the South Park Avenue factory fails to turn into the job-creator that both the company and state officials planned. Because of the way Tesla's contract with the state is structured, the new tariffs don't necessarily give Tesla a "get out of jail free card" if it doesn't meet its timetable to create the 2,900 jobs it promises at the factory and among its suppliers and service providers, said William Savino, a Buffalo business attorney.