Evidence100%Authoritative
FactConfirmedFinancial·July 24, 2024
China Working Capital Facility of RMB 20 Billion Established
In April 2024, a Tesla subsidiary entered into an unsecured revolving loan facility of up to RMB 20 billion (~$2.75 billion) with Chinese lenders for production expenditures, supporting ongoing Gigafactory Shanghai operations.
Evidence Strength
Evidence100%Authoritative
Backed by sec filing
Single publisher source
Includes official or primary source
Insights
First tracked
July 24, 2024
Last updated
July 24, 2024
Sources
1 source
Related Developments
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Sources (1)
Source Timeline
- 10-Q — 2024-07-24 (TSLA)SEC EDGAR·Jul 24, 2024
Evidence Strength
Evidence100%Authoritative
Backed by sec filing
Single publisher source
Includes official or primary source
Insights
First tracked
July 24, 2024
Last updated
July 24, 2024
Sources
1 source
Related Developments
Tesla Semi Production Ramp Underway at Dedicated Nevada FacilityTesla Semi Production Ramp Underway for 2026 Delivery TargetsCybercab Mass Production Queue Begins at Giga TexasCybercab Engineering Test Units Enter Multi-Site Validation Testing Across the USCybercab Program Manager Departure Amid Executive Exodus