Tesla secures $30B in credit lines from Citibank and Wells Fargo
This digest was compiled by AI from multiple sources — links to the originals are below.
Tesla has secured $30 billion in new credit lines from Citibank and Wells Fargo to scale the Cybercab robotaxi, Optimus robot, and Tesla Semi. The company does not plan to draw on the facilities this year, according to a regulatory filing. Tesla has projected at least $25 billion in capital expenditures for 2026.
Key Facts
- Citibank agreed to a $20 billion three-year delayed-draw term loan facility.
- Wells Fargo signed an $8 billion five-year revolving credit facility and a $2 billion revolving credit facility with a 364-day term.
- Tesla finished the second quarter of 2026 with about $9 billion in debt and over $40 billion in cash and investments.
- Tesla has projected at least $25 billion in capital expenditures for 2026.
Credit Facilities
Tesla 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.
Product Scaling
The new credit lines could be used to help scale the Cybercab robotaxi, Optimus robot, and Tesla Semi. All three of these new products have required new manufacturing lines. For the Semi and the Optimus robot, Tesla has taken the approach of building out new dedicated factories.
Financial Position
Tesla 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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