Tesla has secured $30 billion in new credit lines, which the company could utilise to help scale its new products: the Cybercab robotaxi, Optimus robot, and Tesla Semi.
The announcement on Tuesday confirmed that Citibank has agreed to a $20 billion three-year delayed-draw term loan facility. Additionally, Wells Fargo signed an $8 billion five-year revolving credit facility and a $2 billion revolving credit facility with a 364-day term.
Tesla stated in a regulatory filing that it does not intend to draw on these loan facilities this year. The company has already projected capital expenditures of at least $25 billion for 2026. Tesla concluded the second quarter of this year with approximately $9 billion in debt and over $40 billion in cash and investments.
The new products, including the Semi and Optimus robot, have necessitated the construction of new dedicated factories and manufacturing lines.