Tesla secures $30B in new credit lines as it looks to scale Cybercab, Optimus
Tesla has secured $30 billion in fresh credit lines that it could use to help scale the new products it is currently working on: the Cybercab robotaxi, Optimus robot, and Tesla Semi.
The company announced Tuesday that Citibank has agreed to a $20 billion three-year delayed-draw term loan facility. Wells Fargo also signed an $8 billion five-year revolving credit facility, and a $2 billion revolving credit facility with a 364-day term.
Tesla said in a regulatory filing that it doesn’t plan to draw on these loan facilities this year. The company has already projected that it will spend at least $25 billion on capital expenditures for 2026. Tesla finished the second quarter of this year with around $9 billion in debt and a pile of cash (and investments) north of $40 billion.
All three of these new products have required new manufacturing lines. In the case of the Semi and...
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