Tesla lands $1.4 billion from Chinese banks to build out its Shanghai gigafactory

-
Tesla has reportedly secured over $1.4 billion in financing in the form of loans from multiple Chinese banks in order to help fund the construction of its new gigafactory in Shanghai. First Reuters and now Bloomberg reported the funding as confirmed on Monday morning, with an official announcement to happen sometime this week. The loan will […]

Comments

Post a Comment

Popular posts from this blog

Deadly Drone Strikes in Ukraine, Israeli Soldier Injured in Gaza, Somalia Holds Historic Election – 12/25/2025, 4:24:22 PM

-
Image
Here is a concise snapshot of major world news based on the latest available reports: Ukraine–Russia war Ukraine reports deadly Russian drone strikes on Christmas morning, saying Russia launched 131 drones overnight; several got through despite air defenses.[1] Earlier in the week, Ukraine said Russia carried out “massive” strikes with about 635 drones and 38... Posted from: this blog via Microsoft Flow .
Read more