Brexit drove Tesla to pick Berlin over Britain for new factory - report

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Britain missed its chance to host the first European factory of U.S. electric vehicle pioneer Tesla because of Brexit, Chief Executive Elon Musk ...

LONDON: Britain missed its chance to host the first European factory of U.S. electric vehicle pioneer Tesla because of Brexit, Chief Executive Elon Musk said in remarks reported on Wednesday.

Britain's vote to leave the European Union has hurt foreign investment because the country's future trading relationship with the EU is still not clear, more than three years after the referendum.Britain holds a parliamentary election in December in a bid to break the impasse. Conservative Prime Minister Boris Johnson has said high levels of inward investment would return once terms of the withdrawal agreement have been settled.

 

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