China Business & Economy

Ready to Exit China? Tesla Pays Off $614 Million Loan for Its Shanghai Factory

Ready to Exit China? Tesla Pays Off $614 Million Loan for Its Shanghai Factory
An aerial view of Tesla Shanghai Gigafactory in Shanghai, China on March 20, 2021. Tesla Shanghai Gigafactory is reportedly producing vehicles at a rate of about 450,000 cars per year. Xiaolu Chu/Getty Images
Jessica Mao
|Updated:
News Analysis

Tesla has recently repaid in full the $614 million loan for the construction of its Gigafactory 3, a super factory located in Shanghai. After the news broke out, the rumor that Tesla may be preparing to leave the Chinese market spread fast on social media.

Jessica Mao
Jessica Mao
Author
Jessica Mao is a writer for The Epoch Times with a focus on China-related topics. She began writing for the Chinese-language edition in 2009.
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