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From Electrek: Tesla adds $500 million to its credit lines ahead of production expansion...

Discussion in 'News from Electrek.co' started by RSSFeed, Dec 20, 2016.

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    Tesla adds $500 million to its credit lines ahead of production expansion for Model 3

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    After market close today, Tesla announced that it closed last week two deals with Deutsche Bank to increase two credit lines by $200 million and $300 million respectively – for a total of $500 million more in available financing. The deals come as Tesla is expected to increase its capital expenditure to prepare for production expansions at its vehicle factory in Fremont and battery factory in Nevada ahead of the Model 3 introduction next year. more…

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