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Tesla Inc. (NASDAQ: TSLA) plans to hire more employees in New York

  • Tesla Inc. (NASDAQ: TSLA) is planning to hire more workers at its New York manufacturing facility.
  • The company is doing this to meet state requirements for up to $750 million in subsidies.

The automotive and energy company announced that it would be hiring more employees at its RiverBend factory in Buffalo New York.

Tesla acquired the plant in 2016 as part of SolarCity with the intention of manufacturing its Solar Roof there, but the product is yet to hit the market.

The company will now manufacture its electric vehicle Supercharger cabinets at the facility among other products that store energy.