Tesla loses 1.14 billion euros in aid for its German gigafactory –

Nth bump in Tesla’s long road in Germany. The US electric vehicle manufacturer sees a 1.14 billion euro subsidy from the German state for the construction of its first gigafactory in Europe, near Berlin, go by.

The reason: Tesla’s failure to comply with a key condition required by the European Union for the granting of these funds. The postponement of the launch of production also plays in the balance.

The German gigafactory will be operational later than expected

Tesla’s first gigafactory on European soil was due to be operational in July 2021 according to initial plans. But the start of production was postponed for at least six months for lack of a building permit and in the absence of authorizations from the German authorities.

Certainly, Elon Musk, the fiery head of Tesla still awaits – for the moment – a start of manufacturing before the end of the year of batteries and Model Y, but the local authorities, for their part, have not yet given their final endorsement. .

First industrial battery deployment in Texas, not Germany

To deal with this setback, Tesla had to adapt and modify its industrial strategy. Ultimately, these new batteries will initially be produced at its Austin, Texas plant.

However, this is where the shoe is tightened … In fact, German subsidies – awarded in the framework of a “major project of common European interest” – can only be awarded on the condition that it is the “first” industrial deployment. “of technology. A restriction that, therefore, is no longer respected.

Recall that in January 2021, the European Union approved a plan that included the granting of state aid to Tesla, BMW and other manufacturers with the aim of supporting the production of batteries for electric vehicles and helping the cartel to reduce imports from the leader of industry, China.

Tesla anticipates refusal by throwing in the towel

Tesla has informed the German authorities that it will not resort to European aid for the construction of its “gigafactory” in Gruenheide, southeast of Berlin, announced the spokeswoman for the German Ministry of Economy, Beate Baron.

Stating that the manufacturer was maintaining its plans for the battery plant in Germany and that unused state subsidies would now be available for other projects.

Because in the end, wanting to keep its head up … the manufacturer announced on Friday that it had withdrawn its request for state aid for its battery plant project near Berlin. Elon Musk even declared Tesla opposed to all subsidies. It’s a “not even bad!” Thrown in the face of the German government somehow. Or when we throw in the towel to avoid having to suffer the affront of a refusal …

True to himself, a bit boastful, Elon Musk reacted to the German ministry’s announcement – obviously on Twitter – stating that Tesla “had always been of the opinion that all subsidies should be eliminated”, but that this had to “include subsidies. massive for oil and gas, ”which was against the will and policies of governments, he said.

However, regional funding for Brandenburg remains relevant

Tesla also applied for regional funding from Brandenburg in November 2020, according to the regional government website.

According to a spokesman for the Brandenburg Ministry of the Economy, this request has not been withdrawn.

How much Tesla is asking for is not disclosed, but investments worth more than $ 100 million generally receive 6.8% of their value, the website says.

Our opinion, by

Certainly, Tesla is not done with the German authorities … the road is long and it will still be long before the plant is operational … even profitable.

The latest round of online consultations for the public to voice environmental and other concerns about car manufacturing and battery production sites closed last week.

Musk a de son côté fait connaître son irritation à l’égard des lois et des réglementations allemandes, affirmative dans une lettre adressée aux autorités en avril dernier that demands them de planning complexes du pays étaient en contradiction avec l’urgence nécessaire pour lutter contre le climate change.

Sources: Reuters

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