FILE PHOTO: A China-made Tesla Model 3 electric vehicle is seen ahead of the Guangzhou auto show in Guangzhou, Guangdong province, China November 21, 2019. REUTERS/Yilei Sun/File Photo
- 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 on Thursday. The electric car maker said it has also signed agreements for an unsecured revolving loan facility of up to 2.25 billion yuan, adding that both the loans will be used for its Shanghai car plant.
Reuters reported earlier this week that Tesla and a group of China banks had agreed to a new 10 billion yuan, five-year loan facility for the automaker’s Shanghai car plant, citing sources familiar with the matter.
I thought American companies are moving out of chine!!
And Trump status quiet? Where are the tariffs now eh? Only when it suits him right?
It's easier to steal technology from them on Chinese soil. China wins again.
Yep, Tesla certainly got 'Shanghai-ed' by the Commie Chinese investors.
Idk what their situation is, but more loans more problems ..
Using slave labour to make it cheap...
To help pay off ANOTHER loan! If he fell in shit he'd come out smelling of roses!
that's awesome, i love tesla. great band.
$ 😬😬
BaldingsWorld Let China have it.
Of course they did
Why, Tesla. Why.