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Tesla has secured $30 billion in new credit lines that it could use to help develop the new products it is currently working on: the Cybercab robotaxi, the Optimus robot, and the Tesla Semi.
The company announced Tuesday that Citibank has agreed to a $20 billion term loan with a three-year maturity. Wells Fargo also signed a five-year, $8 billion revolving credit facility and a $2 billion revolving credit facility with a term of 364 days.
Tesla said in a regulatory filing that it does not expect to tap into these loan facilities this year. The company has already projected that it will spend at least $25 billion in capital expenditures for 2026. Tesla ended the second quarter of this year with about $9 billion in debt and a pile of cash (and investments) of about $40 billion.
All three of these new products required new production lines. In the case of the Semi and Optimus robot, the company has taken the approach of building new dedicated factories.
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