Elon Musk Secures $500 Million in Chinese Bank Loans for Tesla Gigafactory Despite CEO Eject Threat9.6

Elon Musk might be fighting for his job in the U.S., but his company is on track to achieve its dream of mass producing its Model 3 sedans in China. The company has secured over $500 million in loans from Chinese lenders as it inches closer to building its vehicle and battery Gigafactory in China. The loan is expected to be financed at a 3.9 percent interest rate, below the government’s 4.35 benchmark. New York-based JL Warren had announced Tesla’s plans to seek out Asian backers in February. Per the report from the investment firm, the automaker was lining up

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