Tesla Grünheide - speculation about battery plans - economy

According to a media report, the electric car manufacturer Tesla is suspending its plan to produce batteries in Germany. The US company wants to change its battery strategy to benefit from tax incentives in the US, reports that Wall Street Journal citing insiders. US President Joe Biden signed a law in August that provides billions in tax incentives for electric car manufacturers. Electric vehicle buyers are eligible for a $7,500 tax credit per purchase if the car's batteries meet certain criteria. Tesla was initially unable to comment. Tesla also wanted to produce batteries in its factory in Grünheide.

Source link