Tesla has secured $30 billion in new credit facilities that could support the company’s plans to expand production of several new products, including the Cybercab robotaxi, Optimus humanoid robot and Tesla Semi.

The financing arrangements come as Tesla prepares to invest heavily in new manufacturing capacity and technology.

Citibank has agreed to provide a $20 billion three year delayed draw term loan facility, while Wells Fargo has signed an $8 billion five year revolving credit facility.

Tesla has also secured a separate $2 billion revolving credit facility with a 364 day term.

Despite securing the new financing, Tesla said it does not plan to draw on the facilities this year.

The company has projected capital expenditure of at least $25 billion for 2026. Tesla ended the second quarter with approximately $9 billion in debt and more than $40 billion in cash and investments.

The company is developing new manufacturing facilities for its upcoming products. Tesla has taken the approach of establishing dedicated production facilities for the Semi and Optimus robot as it works to move the products from development toward larger scale manufacturing.

Source: TechCrunch