Tuesday, December 24, 2019

Elon Musk's Tesla Said to Take New $1.4 Billion Loan From Chinese Banks for Shanghai Factory

US electric vehicle maker Tesla Inc and a group of China banks have agreed a new 10 billion yuan ($1.4 billion), five-year loan facility for the automaker's Shanghai car plant, three sources familiar with the matter said, part of which will be used to roll over an existing loan.

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