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Tesla raises borrowing capacity under warehouse agreements to $1.1 billion

Reuters — Last Update:

- Tesla Inc (TSLA.NaE) said on Friday it has increased its borrowing capacity, related to an agreement, to $1.1 billion as the electric car maker spends heavily to fix production bottlenecks of its new Model 3 sedan. The company has increased the borrowing capacity to $1.1 billion from $600 million, under certain warehouse agreements, the company said in a filing.

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