A piece from Bloomberg on Tesla and its funding plans for its Shanghai factory

  • plans to use mostly local debt
  • Bloomberg News reported earlier Wednesday that the company would look to China to at least partially fund the $5 billion cost, citing a person familiar with the plans
  • Investors and analysts have repeatedly said that Tesla will need to raise money over the next year, with some estimates in excess of $2 billion. Musk has been adamant that the firm need not raise more financing

Link to Bloomberg for more

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Teslas factory in Shanghai is to be its its first outside of the US