Home » Business » German newspaper: “1.1 billion euros in German subsidy for Tesla” | Economy

German newspaper: “1.1 billion euros in German subsidy for Tesla” | Economy

The newspaper does not mention where the information comes today. The financing has already been agreed, but approval is still required. The Ministry of Economy informed the newspaper that the process has not yet been completed and that a decision is foreseen in the final quarter of this year.

The ministry expects about 5 billion euros to be invested in the battery factory, located east of Berlin. The arrival of the factory is expected to create about 2000 jobs, according to Der Tagesspiegel.

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