January 23, 2022

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Tesla Withdraws Request for German Aid for Battery Factory

Electric car titan Tesla  (TSLA) – Get Tesla Inc Report has decided it doesn’t want German government aid after all for the battery factory it has almost finished building near Berlin.

Tesla CEO Elon Musk explained the decision to forego trying to get 1.14 billion euros ($1.3 billion) out of the German government in a tweet naturally.

He said he opposes any form of government aid. “It has always been Tesla’s view that all subsidies should be eliminated, but that must include the massive subsidies for oil & gas,” Musk tweeted. “For some reason, governments don’t want to do that …”

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