Elon Musk Secures $500 Million in Chinese Bank Loans for Tesla Gigafactory Despite CEO Eject Threat

2019-3-9 17:25

Elon Musk might be fighting for his job in the U. S. , but his company is on track to achieve its dream of mass producing its Model 3 sedans in China. The company has secured over $500 million in loans from Chinese lenders as it inches closer to building its vehicle and battery Gigafactory in China.

The loan is expected to be financed at a 3. 9 percent interest rate, below the government’s 4. 35 benchmark. New York-based JL Warren had announced Tesla’s plans to seek out Asian backers in February. Per the report from the investment firm, the automaker was lining up

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Источник: ccn.com

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