China's Jia Yueting, rival to Elon Musk, faces cash crunch at electric car startup

China's Jia Yueting, rival to Elon Musk, faces cash crunch at electric car startup

Photo: Bloomberg

The dwindling empire of China’s Jia Yueting, who once boasted he would leapfrog Tesla Inc., faces a new hurdle as his U.S. electric car startup struggles to raise a $500 million funding round, people familiar with the matter said.

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