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Tesla has withdrawn its application for a $1 billion subsidy to develop a battery factory in Berlin

Tesla has withdrawn its application for a $1 billion subsidy to develop a battery factory in Berlin

Tesla announced on Friday that it has withdrawn its application for state aid for its proposed battery factory near Berlin, after CEO Elon Musk declared his company’s opposition to government subsidies. The European Union agreed a proposal in January that includes offering state funding to Tesla, BMW, and other companies to encourage the development of…

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