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Tesla secures $30B in new credit lines as it looks to scale Cybercab, Optimus
The company says it won't draw on the new debt facilities this year, as it has already planned at least $25 billion in capital expenditures.
Via TechCrunch
·Excerpt
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…
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