Exclusive: Tesla to take new $1.4 billion loan from Chinese banks for Shanghai factory - sources

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Exclusive: Tesla to take new $1.4 billion loan from Chinese banks for Shanghai factory - sources
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U.S. electric vehicle maker Tesla Inc and a group of China banks have agreed a n...

) are among the banks which have agreed to give Tesla the financial support, one source with direct knowledge said.

That new loan will be partially used to roll over the previous 3.5 billion yuan debt, according to the first source. The second source said the rest will be used on the factory and Tesla’s China operations.

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