Tesla aligns about $ 2 billion in loans for Shanghai Gigafactory



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Shanghai Mayor Ying Yong and Tesla President and CEO Elon Musk pose in front of a plaque for the Tesla (Shanghai) Ltd. Electric Vehicle Development and Innovation Center.

Source: Shanghai Municipal People's Government

Shanghai Mayor Ying Yong and Tesla President and CEO Elon Musk pose in front of a plaque for the Tesla (Shanghai) Ltd. Electric Vehicle Development and Innovation Center.

Tesla will align about $ 2 billion (more than RMB 13 billion) from Chinese lenders to build its huge battery and car factory in Shanghai, according to a study by JL Warren Capital.

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