Tesla Gets More Financial Backing From New Idiots

[Shady Pines Ma]

And his snake oil side show continues with a new group of shmucks.

Tesla secures $1.29 billion loan from Chinese banks for Shanghai factory

Tesla Inc entered into agreements with lenders in China for a secured term loan facility of up to 9 billion yuan ($1.29 billion), according to a regulatory filing on Thursday.

www.reuters.com

 

[Libertas]

China wants access to Tesla technology. Building a factory in China will ensure the Chinese communist government has access to the latest technology.

Give it a few years and a Chinese company, backed by the chinese government, will introduce their own battery powered car. Give it a few more years and Tesla will be competing against their own stolen technology.