Tesla secures US$1.29b loan from Chinese banks for Shanghai factory | Malay Mail

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SHANGHAI, Dec 27 — Tesla Inc entered into agreements with lenders in China for a secured term loan facility of up to 9 billion yuan (US$1.29 billion), according to a regulatory filing yesterday. The electric car maker said it has also signed agreements for an unsecured revolving loan facility of...

Friday, 27 Dec 2019 07:39 AM MYT

SHANGHAI, Dec 27 — Tesla Inc entered into agreements with lenders in China for a secured term loan facility of up to 9 billion yuan , according to a regulatory filing yesterday. Besides construction and production at the Shanghai factory, the loan may also be used to repay the 3.5 billion yuan debt due to be repaid on March 4 next year.

 

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oh no. i forgot about the tradeoff they made when they chose to enter the chinese market. zero privacy for the chinese, and americans (who are mostly white) will get full privacy protection, and those sjw folks will scream racism

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