Tesla Withdraws $1 Billion Aid Request For Its Berlin Battery Plant
Tesla Inc (NASDAQ:TSLA) has never favored bureaucracy, and it has proved it once again by deciding to withdraw a funding request for the long-awaited Gigafactory in Berlin. Earlier in 2021, the European Commission had approved a public aid of 12,000 million euros to 42 companies, Tesla included. Q3 2021 hedge fund letters, conferences and more The money is intended to promote projects of battery cells for electric cars, and Tesla was entitled to $1.28 billion. Tesla Wants No HelpAlthough the construction plans for the new German factory in Brandenburg remain unchanged, Tesla has decided to con...