Tesla Inc. reached an agreement with lenders in China to receive as much as a half-billion dollars to invest in its Shanghai factory currently under construction.
The electric-car maker said in a securities filing Thursday that a syndicate of lenders agreed to provide up to 3.5 billion yuan for construction and production expenses at its so-called Gigafactory Shanghai. Tesla’s lenders in the agreement are China Construction Bank Corp., Agricultural Bank of China Ltd., Industrial and Commercial Bank of China...
Source: Energy Industry News (energyindustrynews.net)
Why not built this factory in central or south america! It would solve two problems!
Can't wait to buy Xiami version of Tesla
Thanks Trump.
Wish Canada had a Tesla ! What other company has been so amazing? Seriously solar panel shingles , house batteries , electric cars faster than a mclaren f1 and fucking 1/9th the cost to ship stuff to space ! Oh and underground tunnels and flamethrowers Jesus elonmusk
Remember when Musk wanted to sell Tesla to Saudi Arabia?
From who
Hard to imagine why American entrepreneurs sell their souls to the devil for cash. Everyone should start teaching their children to speak Mandarin. It's not if, it's when!
Jobs for US... Ha !
Here we go. Another intellectual property theft.
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Tesla enters into agreement with Chinese lenders for Shanghai GigafactoryTesla Inc said on Thursday it signed an agreement with lenders in China for a 12-month facility of up to 3.5 billion yuan ($521.36 million) for its Gigafactory in Shanghai. Funding secured! Smart of them, dumb on us. Trump should have kept and added US subsidies for solar tiles, batteries, and electric cars. senrobportman - this is what Democrats do. That plant should have become a tesla plant. You didn't say shit to Trump, right? Bad for Ohio. MORE JOBS AN TECH GO TO CHINA FOR THE CHEAP SLAVE LABOR.!!
Source: CNBC - 🏆 12. / 72 Read more »
Tesla's Shanghai assembly plant to be completed in May: government officialTesla's upcoming vehicle assembly facility in Shanghai is expected to be co... Wow, it's big Building Tesla cars in Shaghai.... right, so much for America first 现在建工厂真快。三个月就搞定了。 但Yueting Jia的工厂建的有点慢，好几年也没搞定~
Source: Reuters - 🏆 2. / 97 Read more »
Chinese Tesla rival Nio is crashing after slashing its delivery outlook and calling off plans for a Shanghai factoryNio, seen as the Tesla of China, crashed 20% after it cut its delivery guidance and canceled plana to build a manufacturing plant in Shanghai.
Source: BusinessInsider - 🏆 729. / 51 Read more »
China is a key market for Tesla, but keep expectations 'very low,' Morgan Stanley saysTesla has ambitious growth targets in China that make Morgan Stanley 'cautious,' exemplified by recent trade issues, analyst Adam Jonas said in note to investors Wednesday. $TSLA needs to merge with $NIO. best to stay away from China, because of immense Technologieklau On the contrary. In China made Tesla will be cheaper in total costs and will therefore be more competitive on the global market. Expecting is greater profit, and the price of the stock will grow greatly.
Source: CNBC - 🏆 12. / 72 Read more »
Gap, Victoria's Secret and even Tesla: 4,300 store closures already announced this yearA recent wave of store closure announcements will hit shopping malls across the U.S. Online is taking over the brick and mortar market Thank goodness all these retail closings have had zero effect on the unemployment rate over the past two years. Brick and mortar shops are going the way of weavers and bank tellers.
Source: CNBC - 🏆 12. / 72 Read more »
The 'un-iPhone moment' — here's what analysts had to say about Tesla's new Model 3Analysts were unimpressed after Tesla CEO Elon Musk announced a cheaper Model 3 yesterday afternoon. Profits matter most, and how will they do it? I'm unimpressed with the Tesla analysts, frankly, all analysts. What are they doing that's so great? I’m unimpressed with his mouth lately! He needs to quit tweeting. He’s been given a pass for his supposed genius but not anymore!
Source: CNBC - 🏆 12. / 72 Read more »
Tesla doesn't know where it will build the Model Y as it rolls out more layoffs and cost cutsCurrent and former Tesla employees say the company reduced headcount by at least another eight percent. The Pied Piper! BayAreaBS ShortTSLA Good luck with the 'truck'. FUD.
Source: CNBC - 🏆 12. / 72 Read more »
Tesla says new Superchargers let drivers fill up faster, 75 miles of charge in 5 minutesTesla debuts its V3 Supercharger technology and says 90 percent of Tesla drivers in China have access to its chargers today. Will they work as well in subzero temperatures? Asking for an American population.
Source: CNBC - 🏆 12. / 72 Read more »
Tesla pays $920 million convertible bond obligation in cashF_da_Haterzz little down payment on the mortgage They must have flipped over every couch cushion to gather up the funds Waiting for the improved credit rating.
Source: CNBC - 🏆 12. / 72 Read more »
Tesla is closing stores, shifting all sales onlineThe move to e-commerce only will require Tesla to reduce headcount in sales, CEO Elon Musk confirmed. It should also help cut operating expenses, and bypass local politics that have prevented it from operating its own stores in certain states. Guess I won't buy one. dmoses34 WallStCynic Didnt some states ban that?
Source: CNBC - 🏆 12. / 72 Read more »