Automakers

Tesla decides against $1.3B in German aid because of Texas battery bet, report says

Tesla Gruenheide, Berlin factory entrance rtrs web.jpg
The entrance to Tesla's factory in Gruenheide, Germany, which is still under construction. Tesla plans to build the Model Y EV there as well as batteries. (Hannibal Hanschke/REUTERS)
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By:
Bloomberg
November 27, 2021 08:48 AM

Tesla will forgo 1.14 billion euros ($1.3 billion) of state aid for the factory it's building in Germany because it has decided to try to produce a new type of battery cell at scale in Texas first, a person familiar with the matter said.

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