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An extra US$500m+ credit facility furthers Tesla’s ambitions

Elon Musk had warned that the OEM would be spending 'staggering' amounts on capex

To make money you have to spend money, and Tesla wants to make a lot. It has been running through cash at a rate some analysts find alarming, upping the stakes on a successful Model X launch.

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https://www.automotiveworld.com/articles/extra-us500m-credit-facility-furthers-teslas-ambitions/

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