Aug

Tesla Plans to Fund New Chinese Car Factory With Local Debt

Tesla Inc. said it plans to use mostly local debt to fund a new factory in Shanghai, its first outside of the U.S.

The facility, known as the Gigafactory 3, is expected to churn out about 250,000 vehicles and battery packs per year initially, capacity that will double over time. The first cars are forecast to roll off the production line in about three years, Chief Executive Officer Elon Musk said in a letter to shareholders…

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Tesla Plans to Fund New Chinese Car Factory With Local Debt

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