American electric vehicle maker Tesla has signed agreements for new credit lines totaling $30 billion. The financing is intended to support the company's record capital expenditures and scale production of new products, including the autonomous Cybercab robotaxi, humanoid Optimus robots, and the Tesla Semi electric truck, according to infohub.kz.
In a regulatory filing, the company said the financial package includes a three-year loan with a deferral option for $20 billion managed by Citigroup, as well as two revolving credit lines of $8 billion and $2 billion managed by Wells Fargo.
The new arrangements replace a previous $5 billion credit agreement. Tesla clarified that as of the end of September, it has no outstanding debt under these lines and does not plan to use the borrowed funds in 2026 yet.
The expansion of available capital comes amid a rise in the company's planned capital investments, which could exceed $25 billion in 2026.
Full-scale deployment of the credit resources will allow CEO Elon Musk to accelerate Tesla's transformation from an electric vehicle manufacturer into a leader in artificial intelligence and autonomous robotics.