Elon Musk warns Tesla faces challenging next 12 months as banks “on their way to the cemetery” pull loan financing

Elon Musk warns Tesla faces challenging next 12 months as banks “on their way to the cemetery” pull loan financing

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Higher borrowing costs and the ongoing turmoil at U.S. regional banks is set to end the pandemic boom that lifted Tesla to the top of the global auto industry. Speaking to shareholders at the company’s annual general meeting held at its Austin factory, CEO Elon Musk said rising interest rate…

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