Re: Jamestown, here we come!
in response to
by
posted on
Feb 15, 2024 04:30AM
(Edit this message through the "fast facts" section)
It seems that many missed this paragraph from their last press release:
""We believe the additional working capital provided from the revolving credit facility will assist us with our continued growth and in meeting the existing purchase order backlog and fiscal year revenue targets."
The Company continues to work towards securing separate project financing to support its planned Jamestown, New York gigafactory."
This of course doesn't mean 100% that they will not use some of that loan to finance something also in Jamestown.
Also, they may use the same lender for the necessary funds in Jamestown. It could be very well a different one + incentives from the "inflation reduction act".