Tesla secures $30B in new credit lines as it looks to scale Cybercab, Optimus

Tesla has secured $30 billion in new credit lines to support the scaling of its Cybercab robotaxi, Optimus robot, and Tesla Semi. It has received a $20 billion three-year term loan from Citibank, an $8 billion five-year revolving credit facility from Wells Fargo, and a $2 billion 364-day revolving credit facility. The company plans to use the funds for these new products but has stated it will not draw on the loan facilities this year. Tesla has already projected that it will spend at least $25 billion on capital expenditures for 2026.

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