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 our secured term loan facility in connection with the construction of Gigafactory Shanghai (the ‘Fixed Asset Facility’) and the facility was terminated,” Tesla stated in a Form 10-Q filed with the Securities and Exchange Commission (SEC) on April 27. “After the termination, the $758 million of unused commitment under the Fixed Asset Facility included in the debt and finance lease table as of March 31, 2021 above was no longer available,” the …