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Friday, May 20, 2022
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Musk Rails Against State Aid as Tesla Pulls Application for $1.28 Bln in Subsidies for Berlin Plant

Musk Rails Against State Aid as Tesla Pulls Application for $1.28 Bln in Subsidies for Berlin Plant

Back in January, the European Union approved a plan that would grant several companies, including Tesla Inc. and BMW AG, a total of €2.9 billion ($3.5 billion) in state aid for battery projects that would strengthen the 27-nation bloc's capacity to produce more electric vehicles. The series of projects are slated for completion by 2028.
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