RBC Joe Spak: Tesla will raise about $1.3 billion USD locally (local banks in China), with interest rates likely to be 3%-5%

China media reported:

Royal Bank of Canada Capital Markets Analyst Joe Spak mentioned Tesla will raise about $1.3 billion USD locally (local banks in China), with interest rates likely to be 3%-5% for GigaFactory 3 in Shanghai, China

Link source: https://finance.sina.com.cn/stock/hkstock/ggscyd/2018-11-17/doc-ihmutuec0997401.shtml

The Chinese government owns all the banks in China, keep that in mind. Also In China, the government will use the “policy economy” to help companies they want to support (etc. special interest rate loan)

Tesla keep sending out more invitations to different European countries for the Model 3 events.

The Recent Tesla Zhejiang (China) Club meeting and more.

Tesla Zhejiang (China ) Members Club once again had a party of more than 180 people with their Tesla Model S and X at Banyan Tree Anji.

Β More Tesla owners in other cities of China

β€œTesla Model X” theme wedding in China

Tesla China open standard range Model 3 pre-order (starting $35,000 USD)

Tesla China official website shows that Tesla has begun to accept standard-range electric vehicle Model 3 pre-order, Chinese users can pay for the 8,000 yuan (around $1160 USD) deposit on the official website to pre-order this car online. Model 3 will start deliver in 2019. Starting price $35000 USD

 

https://www.tesla.cn/model3