Tesla Secures $30 Billion in Credit Lines for New Products

Tesla has secured $30 billion in new credit lines that it could use to scale production of the Cybercab robotaxi, Optimus robot and Tesla Semi, according to TechCrunch.

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 separate $2 billion revolving credit facility with a 364-day term.

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.

Tesla ended the second quarter with around $9 billion in debt and more than $40 billion in cash and investments. The three products require new manufacturing lines. For the Semi and Optimus, Tesla is building dedicated factories, TechCrunch reported.