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Tesla Lines up $30 Billion Credit Lines as Capex, AI Push Accelerate

The electric-vehicle maker said it will not draw on the facilities this year as it prepares for more than $25 billion in 2026 capital spending.

  • On Tuesday, Tesla secured $30 billion in new credit lines, including a $20 billion delayed-draw term loan facility from Citibank, to fund scaling of its Cybercab, Optimus, and Tesla Semi production.
  • Rising capital expenditures and falling profits prompted the financing; Tesla reported negative free cash flow for the first time since Q1 2024, with profits declining in recent years.
  • Wells Fargo also signed an $8 billion five-year revolving credit facility and a $2 billion 364-day revolving credit facility, while Tesla replaced a previous $5 billion revolving credit agreement.
  • Tesla stated in a regulatory filing that it has no borrowings outstanding under these new facilities as of September 29 and does not currently plan to draw on them during 2026.
  • Management previously projected at least $25 billion in 2026 capital expenditures targeting AI compute infrastructure and solar cell manufacturing, more than triple the $8.53 billion spent in 2025.
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Tesla lines up $30 billion credit lines as capex and robotaxi push accelerate

·London, United Kingdom
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Cryptocurrency News | Cryptocurrency Prices | Market Cap broke the news on Tuesday, September 29, 2026.
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