Tesla to receive single-digit billion eur amount in German subsidies


Electric vehicles maker Tesla stands to receive a single-digit billion euro amount in public funding from Germany for setting up a battery cell factory near Berlin, Business Insider reported on Monday.

The subsidies, part of the support for 11 battery related businesses under a so-called Important Project of Common European Interest, will be paid by the federal government and by the regional state of Brandenburg, Business Insider quoted government sources as saying.