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Tesla Just Paid Back $614 Million In Loans It Received For Its Shanghai Gigafactory

by Tyler Durden
Friday, Apr 30, 2021 - 11:40 AM
As the ongoing soap opera between China and Tesla continues - with the Chinese government looking as though it may be less-than-amused with boy wonder visionary in chief Elon Musk of late - it appears that Tesla may also be working to separate its ties from the Chinese government.
The company has paid back $614 million in loans that it took out for the Shanghai Gigafactory, according to Tesmanian, citing the company s recently filed 10-Q.
Tesla s 10-Q stated:
In April 2021, we fully repaid the $614 million in aggregate principal of our secured term loan facility in connection with the construction of Gigafactory Shanghai (the“ Fixed Asset Facility ”) and the facility was terminated. ....

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TESLA : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q)

TESLA : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-Q)
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