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Tesla secures $30B in new credit lines as it looks to scale Cybercab, Optimus
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Tesla has secured $30 billion in new credit lines to support development of the Cybercab robotaxi, Optimus robot and Tesla Semi. Announced Tuesday, the financing could help Tesla scale production as all three products require new manufacturing lines. The move expands the company’s available funding options without signaling an immediate cash infusion.
Citibank agreed to a $20 billion three-year delayed-draw term loan facility. Wells Fargo signed an $8 billion five-year revolving credit facility and a $2 billion revolving facility with a 364-day term. Together, the three agreements provide Tesla with $30 billion in total borrowing capacity.
Tesla said in a regulatory filing that it does not plan to draw on the facilities this year. The company has projected at least $25 billion in capital expenditures for 2026. It ended the second quarter with about $9 billion in debt and more than $40 billion in cash and investments.
The new products are driving Tesla to add manufacturing capacity. Cybercab, Optimus and Semi have each required new production lines. For Semi and Optimus, Tesla has taken the approach of building dedicated factories rather than relying solely on facilities for its established products.
The financing gives Tesla a sizable liquidity reserve as it develops products that could require substantial capital before reaching scale. Its existing cash and investments provide a substantial cushion, while the credit lines offer additional flexibility. However, Tesla has not said when or whether it will begin drawing on them.
Future use of the loans will depend on Tesla’s investment pace and progress toward scaled manufacturing. The projected spending and new factories make the credit lines relevant to its expansion strategy, but no production timetable was specified. Tesla will also need to allocate capital across Cybercab, Optimus and Semi as it advances their manufacturing plans.
