Tesla lines up $30B in new credit to fund Cybercab and Optimus expansion
Tesla has arranged $30 billion in new credit facilities to support scaling production of the Cybercab, Optimus and Semi, though it says it won't tap the funds this year.
Tesla announced Tuesday that it has arranged $30 billion in new credit facilities, which it may draw on in the future to expand manufacturing for its newer products: the Cybercab robotaxi, the Optimus humanoid robot, and the Tesla Semi truck.
According to the company, Citibank has agreed to a three-year delayed-draw term loan facility worth $20 billion. Wells Fargo has separately signed two revolving credit facilities — an $8 billion facility with a five-year term and a $2 billion facility with a 364-day term.
No plans to draw funds this year
In a regulatory filing, Tesla said it does not intend to draw on these new credit lines during 2026. The company has previously projected it will spend at least $25 billion on capital expenditures this year.
Tesla ended the second quarter of this year carrying roughly $9 billion in debt, alongside cash and investment holdings exceeding $40 billion.
Each of the three newer products has required new manufacturing capacity. For the Semi truck and the Optimus robot specifically, Tesla has opted to build dedicated standalone factories rather than adapt existing production lines.
