Musk has borrowed at least $1.4 billion from banks controlled by the Chinese government to help build a “gigafactory” in Shanghai for Tesla. The factory was responsible for more than half of Tesla’s global deliveries in the third quarter of 2024.
Musk has borrowed at least $1.4 billion from banks controlled by the Chinese government to help build a “gigafactory” in Shanghai for Tesla. The factory was responsible for more than half of Tesla’s global deliveries in the third quarter of 2024.