Tesla confirms it received government payroll assistance amid coronavirus pandemic

It’s not clear if the US or another country granted Tesla assistance.


Tesla

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Tesla received some governmental assistance amid the coronavirus pandemic, the automaker said in a regulatory filing this Tuesday.

Reuters first reported the information. The filing doesn’t specify what kind of payroll benefits it received. It also doesn’t declare which country Tesla received assistance in, referring to “various governmental responses to the pandemic granted to companies globally.” The filing simply says Tesla took “certain payroll-related benefits which helped to reduce the impact of the COVID-19 pandemic on our financial results.” 

Reuters said the company isn’t listed with the US Small Business Administration, which oversaw Paycheck Protection Program loans beginning this past March.

Tesla didn’t immediately return a request for comment.

The automaker, after outcry, shut down its sole US production plant in Fremont, California, earlier this year as the state and local governments closed nonessential businesses and put stay-at-home orders into place. Tesla’s plant near Shanghai, China, also shut down for a period of time this year as COVID-19 spread in the country.

What is clear is the assistance was useful to Tesla: The automaker said the benefits nearly eliminated all costs associated with idling production plants.


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