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Tesla has secured $30 billion in fresh credit lines that it can use to help scale up new products it is currently working on: the CyberCab robotaxi, the Optimus robot, and the Tesla Semi.
The company announced Tuesday that Citibank has agreed to a $20 billion three-year delayed-draw term loan facility. Wells Fargo also signed an $8 billion five-year revolving credit facility and a $2 billion revolving credit facility with a 364-day term.
Tesla said in a regulatory filing that it does not plan to draw these debt facilities this year. The company has already estimated that it will spend at least $25 billion on capital expenditures for 2026. Tesla ended the second quarter of this year with about $9 billion in debt and north of $40 billion in cash (and investments).
All three of these new products require new manufacturing lines. In the case of the Semi and Optimus robots, the company has taken the approach of building new dedicated factories.
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