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Tesla decides against state aid for German plant as Musk opposes subsidies

Withdraws plea for state aid in Germany

Elon Musk. Photo: Reuters
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Elon Musk (Photo: Reuters)

Reuters Berlin
Tesla said on Friday it has withdrawn its application for state aid for its planned battery factory near Berlin as CEO Elon Musk declared the electric vehicle maker opposed all subsidies.

The European Union in January approved a plan that included giving state aid to Tesla, BMW and others to support production of electric vehicle batteries and help the bloc to reduce imports from industry leader China.

Tesla was expected to receive ^1.14 billion ($1.28 billion) in EU funding for its battery plant in Gruenheide, Brandenburg under the plan, with a final decision likely by the end of the year.

"Tesla has informed

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