Tesla Inc. (TSLA) has secured three new senior unsecured credit agreements totaling $30 billion. This financing is aimed at enhancing the company’s financial flexibility for upcoming capital expenditures in artificial intelligence, robotics, and new vehicle programs. The new agreements include a $20 billion three-year term loan, an $8 billion five-year revolving credit facility, and a $2 billion 364-day revolving credit facility.
The financing package, managed primarily by Citibank and Wells Fargo, will support Tesla’s ongoing projects like the Cybercab robotaxi, Optimus humanoid robot, and Tesla Semi as it anticipates at least $25 billion in capital expenditures by 2026. Tesla reported no outstanding borrowings under these new facilities as of September 29, and the term loan allows for up to 10 draws during the first 18 months.
As of the end of Q2, Tesla held approximately $9 billion in debt and over $40 billion in cash and investments, positioning it strongly to leverage this new credit capacity for its expansion efforts.
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