Tesla secures $30B in new credit lines as it looks to scale Cybercab, Optimus
Tesla has secured $30 billion in new credit lines from Citibank and Wells Fargo to support the scaling of its upcoming products, including the Cybercab, Optimus robot, and Tesla Semi. While the company does not plan to draw on these funds immediately, the move provides a significant financial buffer for its 2026 capital expenditure plans.
Why it matters
The massive credit facility underscores Tesla's aggressive pivot toward robotics and autonomous transport, signaling confidence from major financial institutions in the company's long-term manufacturing roadmap.
Tesla has secured $30 billion in fresh credit lines that it could use to help scale the new products it is currently working on: the Cybercab robotaxi, Optimus robot, and 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 doesn’t plan to draw on these loan facilities this year. The company has already projected that it will spend at least $25 billion on capital expenditures for 2026. Tesla finished the second quarter of this year with around $9 billion in debt and a pile of cash (and investments) north of $40 billion.
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