Tesla has secured $30 billion in fresh credit lines that could help the company scale new products including the Cybercab robotaxi, Optimus robot and Tesla Semi.
The new financing includes a $20 billion three-year delayed-draw term loan facility agreed with Citibank. Wells Fargo has also signed an $8 billion five-year revolving credit facility and a separate $2 billion revolving credit facility with a 364-day term.
Despite securing the new facilities, Tesla said it does not plan to draw on the loan facilities this year.
Tesla has already projected at least $25 billion in capital expenditures for 2026. The company finished the second quarter with around $9 billion in debt and more than $40 billion in cash and investments.
The new credit facilities come as Tesla works to scale several products that require additional manufacturing capacity. The company is developing the Cybercab, its robotaxi product, alongside the Optimus humanoid robot and Tesla Semi.
All three products require new manufacturing lines. For the Semi and Optimus, Tesla has taken the approach of developing new dedicated factories.
The financing therefore gives Tesla access to additional credit capacity as it continues investing in its newer product lines and manufacturing infrastructure.
The $20 billion delayed-draw term loan from Citibank represents the largest portion of the newly secured facilities. Unlike a conventional loan that is immediately drawn, the delayed-draw structure allows Tesla to access the facility at a later stage if required.
The company’s other new facilities consist of the $8 billion five-year revolving credit line from Wells Fargo and the $2 billion revolving facility with a 364-day term.
Tesla’s decision not to draw on the facilities this year means the company currently has no immediate plan to use the newly secured debt for its 2026 spending. At the same time, the additional credit lines provide financing capacity as Tesla continues its expansion into robotaxis, robotics and electric commercial vehicles.
The company’s existing financial position includes around $9 billion in debt and more than $40 billion in cash and investments at the end of the second quarter.
Tesla’s planned capital expenditure of at least $25 billion in 2026 reflects the scale of investment required as the company develops new products and manufacturing facilities.
The Cybercab, Optimus and Tesla Semi are all part of Tesla’s broader product expansion. While the Cybercab is being developed as a robotaxi, Optimus is the company’s humanoid robot, and the Semi is its electric commercial truck.
With $30 billion in new credit facilities available, Tesla now has additional financing capacity while it works to bring these products to larger-scale production.
The company has not indicated that it intends to draw on the new facilities during 2026. Instead, the credit lines provide additional financial flexibility as Tesla continues its planned capital spending and manufacturing expansion.
