SolarCity’s expanded escape clause By Charlotte Keith

in uber •  7 years ago 

http://www.investigativepost.org/2017/09/18/solarcitys-expanded-escape-clause/

Tesla CEO Elon Musk was bullish about Buffalo on a call with investors last month.

“We made that commitment to the state of New York,” he said, describing the company’s plan to hire thousands at a huge factory opening in Buffalo that was built at taxpayer expense. “We are going to keep that commitment.”

In late 2015, though – before SolarCity was bought by Tesla – the contract that governs the company’s commitment to New York was tweaked to give it more ways out of the deal if its business goes south.

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