Tesla sidesteps Wallstreet and lines up about $2 billion in loans for Shanghai Gigafactory, analyst report says

https://www.cnbc.com/2019/02/28/tesla-lining-up-about-2-billion-in-loans-for-shanghai-gigafactory.html

• JL Warren said the first stage of financing will likely have a 3.9 percent interest rate, below the People's Bank of China benchmark rate of 4.35 percent. That should help Tesla get its assembly line running to produce its initial 250,000 lower-end Model 3 electric sedans.

Submitted February 28, 2019 at 01:23PM by worldgoes https://ift.tt/2IL49aK