Tesla delivers first cars made at its China gigafactory
Tesla Inc. made its first deliveries of cars built in China on Monday, marking another milestone for the electric-car company that saw its stock soar to record highs last week.
Tesla will deliver the first China-made Model 3 at Gigafactory 3 plant in Shanghai TODAY. The 15 customers who are slated to get their Model 3s first are Tesla employees. pic.twitter.com/bOTeR8wjUL.@Tesla delivers the first batch of China-made Model 3s to 15 of its employees. The first owner is an employee of Tesla's Xintiandi store in Shanghai. pic.twitter.com/CmxAnQYun8
On Thursday, Tesla TSLA, -0.13% confirmed in an SEC filing that it has secured local loans of up to 9 billion yuan — roughly $1.3 billion — to help complete the gigafactory and an unsecured revolving loan facility of up to 2.25 billion yuan with local Chinese lenders.
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