Tesla to Invest Up to EUR4 Billion in German Factory -Bild Am Sonntag

Date : 11/18/2019 @ 10:33AM
Source : Dow Jones News
Stock : Tesla Inc (TSLA)
Quote : 335.89  5.52 (1.67%) @ 4:59AM
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Tesla to Invest Up to EUR4 Billion in German Factory -Bild Am Sonntag

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--Electric car maker Tesla plans to invest up to 4 billion euros ($4.42 billion) into its planned factory near Berlin, weekly Bild am Sonntag reports, without naming sources.

--According to the German newspaper, Tesla could receive subsidies of around EUR300 million, if they are approved by the EU.

--The company plans to employ 3,000 skilled workers at first and later 7,000, according to Bild am Sonntag.

 

Full story in German: https://bit.ly/33Zg9LN

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

November 18, 2019 05:18 ET (10:18 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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