Because politicians are so much smarter than business people.
Manhattan Contrarian ping
So the article says that Musk got the state to spend 750 million on the factory. What happened to the other 250 million? Probably spent on graft.
First man made climate change is a lie. Any policy based on that lie is also a fraud (and should be a crime).
It has been my experience in life when any government proposes a large amount of money to some nebulous project it may just be a way to create a slush fund for the politicians.
I doubt anyone in authority is interested in looking into the details on just where the money went (like who owned the land, and who were the contractors)?
Governments should be prohibited by law from ever doing stuff like this. If the project was worth while private enterprise would do it. Once the government gets involved i is almost always going to fail.