Tesla and Mercedes-Benz to Cover Loss of German EV Subsidies

Automakers step in to compensate for subsidy cut as Tesla aims for 2023 sales target.

Germany has abruptly ended its subsidy program for electric vehicles, causing a setback for automakers like Tesla and Mercedes-Benz.
Tesla and Mercedes-Benz have announced that they will compensate for the loss of the subsidy, covering the full price for German buyers.
Tesla's move to compensate for the subsidy loss is part of its effort to achieve its 2023 target of 1.8 million vehicles sold.
Tesla's Giga Berlin plant will shut down after Dec. 22 and will not reopen until Jan. 2, 2024, potentially affecting the company's annual production goal.
Tesla is also facing challenges in France, where the Model 3 is now excluded from its subsidy program.