https://wccftech.com/tesla-1-4-billion-loan-liabilities/

Electric vehicle maker Tesla Inc (NASDAQ:TSLA) has had a great couple of days on the stock market as we head towards this year's end. At the time of writing, the company is trading at a 52-week high of $420.05, up by 3.57% from yesterday's closing. Tesla's Gigafactory 3 in Shanghai is the source of much of this renewed optimism around the company, with the plant expected to let it establish a strong foothold in one of the world's largest car markets. Tesla's progress with the Gigafactory 3 over the course of these few weeks is crucial to the company's next earnings report, and on that note, we've now learned that the company is raising debt in China for the plant. Take a look below for the details.

After finally declaring positive earnings per share in its third-quarter of 2019, Tesla is eager to expand vehicle production all over the globe. Not only do the company's plans include production inside China, but Tesla (NASDAQ:TSLA) will also open a fourth Gigafactory in Brandenburg, Germany for targeting the European market. However while the company is yet to begin construction for this plant, it's already started to roll out vehicles assembled in the Shanghai Gigafactory.