Tesla Motors Receives $500 Million Building Chinese Gigafactory

As TheStreet.com reports the following.

To begin, Electric carmaker Tesla Motors (TSLA – Get Report) said Thursday it signed an agreement with lenders. All at Bank of China for a 12-month credit loan. It’s up to 3.5 billion yuan, or about $521 million. This is for the company’s Gigafactory in Shanghai. This gigafactory for Tesla Motors is therefore to build batteries for the Model S, 3, X and now Y vehicles.

Tesla Motors brakes include regenerative braking

So immediately, Tesla Inc broke ground on the factory.

Most interestingly and according to SEC documents, Tesla has until March 4, 2020 to pay up!

Tesla Motors

Finally for the entire story at TheStreet.com

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The Green Living Guy, Seth Leitman is a green living expert, celebrity and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author, Radio Host, Reporter, Writer and a Environmental Consultant on green living. The Green Living Guy writes about green living, green lighting, the green guru guides and more. Seth's books range from: # Build Your Own Electric Vehicle by Bob Brant and Seth Leitman (2nd and 3rd editions) # Build Your Own Plug-in Hybrid Electric Vehicle by Seth Leitman # Build Your Own Electric Motorcycle by Carl Vogel # Green Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky # Solar Power For Your Home by David Findley # Renewable Energies For Your Home by Russel Gehrke # Do-it-Yourself Home Energy Audits by David Findley # Build Your Own Small Wind Power System by Brian Clark Howard and Kevin Shea # and more green living books to follow.