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)
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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. The construction of the Shanghai plant began at the end of 2018 and officially opened in December 2019. “In April 2021, we fully repaid the $614 million in aggregate principal of ou
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