Tesla Locks In $30 Billion in Credit for Robotaxi and Android Ambitions
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The EV maker secures massive loan facilities from Citibank and Wells Fargo to fund the scaling of Cybercab, Optimus, and the Tesla Semi.
Tesla has secured $30 billion in new credit lines to support the scaling of its latest product ventures, including the Optimus robot, the Cybercab robotaxi, and the Tesla Semi, according to reporting from TechCrunch.
As detailed in a regulatory filing, the funding consists of a $20 billion three-year delayed-draw term loan facility provided by Citibank. Wells Fargo has also contributed an $8 billion revolving credit facility spanning five years, along with a separate $2 billion revolving credit facility with a 364-day term.
While Tesla stated it does not intend to draw on these specific facilities within the current year, the company is facing significant costs to bring these products to market. TechCrunch reports that the Semi and Optimus robot have required the construction of dedicated factories, and the company has projected capital expenditures of at least $25 billion for 2026.
Tesla entered this phase with a strong liquidity position, ending the second quarter of the year with over $40 billion in cash and investments against approximately $9 billion in debt.