Tesla secures $30B in new credit lines as it looks to scale Cybercab, Optimus

Tesla has secured $30 cardinal successful caller recognition lines that it could usage to assistance standard the caller products it is presently moving on: the Cybercab robotaxi, Optimus robot, and Tesla Semi.

The institution announced Tuesday that Citibank has agreed to a $20 cardinal three-year delayed-draw word indebtedness facility. Wells Fargo besides signed an $8 cardinal five-year revolving recognition facility, and a $2 cardinal revolving recognition installation with a 364-day term.

Tesla said successful a regulatory filing that it doesn’t program to gully connected these indebtedness facilities this year. The institution has already projected that it volition walk astatine slightest $25 cardinal connected superior expenditures for 2026. Tesla finished the 2nd 4th of this twelvemonth with astir $9 cardinal successful indebtedness and a heap of currency (and investments) northbound of $40 billion.

All 3 of these caller products person required caller manufacturing lines. In the lawsuit of the Semi and the Optimus robot, the institution has taken the attack of gathering retired caller dedicated factories.