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Wait so the gigafactory plant and machinery is technically owned by the Chinese? Or is it just the factory land?
by blueblisters 6y ago
Wait so the gigafactory plant and machinery is technically owned by the Chinese? Or is it just the factory land?
- derivagral 6y agoFrom this and prior reading I'd expect: they (TSLA) own the factory and things in it, but the land it sits on is leased from the state, perhaps in some proportion to the funds invested. I don't live there, just been a couple times. https://www.loc.gov/law/help/real-property-law/china.php https://www.loc.gov/law/help/real-property-law/china.php