BEIJING/SHANGHAI (Reuters) - U.S. electric vehicle maker Tesla Inc and a group of China banks have agreed a new 10 billion yuan ($1.4 billion), five-year loan facility for the automaker's Shanghai car plant, three sources familiar with the matter said, part of which will be used to roll over an existing loan. China Construction Bank (CCB), Agricultural Bank of China (AgBank), Industrial and Commercial Bank of China (ICBC) and Shanghai Pudong Development Bank (SPDB) are among the banks which hav
Germany on Wednesday hailed Tesla's decision to build its first European factory in the country, days after the government said it would boost subsidies for buyers of electrics cars. German Economy Minister Peter Altmaier called the announcement a "glorious success" for the country's attractiveness as an auto industry location, especially in the race to develop and produce electric cars and batteries.
And it'll have 8-10% less range than the Model 3 sedan.
Sales in China have been affected by trade tensions.
The wholly-owned unit was registered with $30 million in capital.
Tesla showed a profit, but battery partner's costs were driven way up.
It inked a deal for an 9.2 million square foot plot of land.
Tesla said it investigated the claim.
'Are any of these VINs YOUR car? ...'
Defendant in Tesla lawsuit says he's a whistleblower.
Report says workers resorted to "slapping" battery components together by hand.
His next challenge: optimizing car production.
Tesla will spread his responsibilities to existing employees.
Tesla is planning to convert the old Solar City plant in New York to Gigafactory 2 and will add three more plants worldwide.
Touring investors got insights into the Gigafactory's inner workings.
The first batteries are for Tesla's electricity storage products.