Tesla has opened $30 billion in lines of credit through regulatory filings, according to a report by Electrek. The loans, provided by Citi and Wells Fargo, consist of facilities with terms ranging from one to five years. This new credit replaces a previous $5 billion credit line that carried no current debt.
The move comes as the company faces downward pressure on profits and increasing capital expenditures (CapEx). Tesla reported that its CapEx more than doubled in the last quarter and expects to spend a total of $25 billion in 2026, up from $8.5 billion in 2025. The company also reported being cash flow negative in the last quarter, its first such instance since Q1 2024.
Tesla stated it does not expect to draw from this credit line in 2026, despite planned high spending for next year. The company reported having approximately $43 billion in cash as of its last quarterly report.
Sources
- Tesla takes on $30B in credit as it approaches unprofitability （Hacker News Frontpage, 2026-09-30）