Steady achieverTesla has shortened the payment cycle for supply chain companies to 90 days. Tesla's Vice President of External Affairs, Grace Tao, confirmed in a post that in 2024, the company has further reduced the payment cycle for supply chain companies compared to last year, now taking only around 90 days. She also revealed that over 95% of the components for the Shanghai Gigafactory are sourced from local Chinese suppliers.
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