Tesla taps dollars, renminbi for Shanghai factory

Tesla Model3
By Pan Yue
11 Mar 2019

Tesla has raised the equivalent of $521m from the loan market, helping fund its Shanghai factory.

Agricultural Bank of China's Shanghai Changning sub-branch, China Construction Bank's Shanghai Pudong branch, Industrial and Commercial Bank of China's Shanghai Lingang sub-branch and Shanghai Pudong Development Bank provided the loan, according to an SEC filing.

Telsa will use the money not just to help fund the construction of the ...

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