Tesla is not the only company reviewing its Europe Investment after U.S. President Joe Biden's IRA. Many multinationals are reconsidering plans to deploy new money into Europe due to competition issues raised by the $369 billion in spending on climate and energy policies in the landmark legislation, Inflation Reduction Act. Brussels has been left considering how best to respond, with some businesses worried it will be too little, too late. European officials are worried that investment may trickle away due to the simplicity of the IRA.

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