Tesla Not Yet Provided With Any Funding From Germany For Giga Berlin via insideevs.com
according toMore than two years ago, in November 2020, Tesla submitted official paperwork to take advantage of funding for its new EV factory in Germany. However,
Brandenburg’s Ministry of Economic Affairs has noted that the US EV maker is still yet to receive"a single cent of funding." The statement reads: “Tesla has not received a single cent of funding so far. A state aid notification procedure is currently underway in Brussels for Tesla’s application."recently reported on the matter, noting that companies typically get incentives and support from the German government when they open new factories. In fact, the publication shared that, at times in the past, state and federal governments in the country have worked together to pay as much as 45% of the cost of the factories.
The report states that Tesla's original paperwork requested 1.1 billion euros of support, but the number has changed often, meaning the paperwork has had to be submitted multiple times. When Tesla realizes it needs to revamp its efforts, it makes changes, and then the original paperwork becomes void.
The Ministry has clarified that Tesla's application for funding from Germany is a process that continues to evolve. Thus far, based on the current details, Tesla could eventually get 6.8% government funding toward Giga Berlin. Teslarati notes that if the project costs some 2 billion euros, Tesla could expect over $130 million in support from Germany.
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