Tesla has secured $30 billion in recent credit score strains that it may use to assist scale the brand new merchandise it’s presently engaged on: the Cybercab robotaxi, Optimus robotic, and Tesla Semi.
The corporate introduced Tuesday that Citibank has agreed to a $20 billion three-year delayed-draw time period mortgage facility. Wells Fargo additionally signed an $8 billion five-year revolving credit score facility, and a $2 billion revolving credit score facility with a 364-day time period.
Tesla said in a regulatory submitting that it doesn’t plan to attract on these mortgage services this yr. The corporate has already projected that it’ll spend at the very least $25 billion on capital expenditures for 2026. Tesla completed the second quarter of this yr with round $9 billion in debt and a pile of money (and investments) north of $40 billion.
All three of those new merchandise have required new manufacturing strains. Within the case of the Semi and the Optimus robotic, the corporate has taken the method of constructing out new devoted factories.