Tesla secures $30B in new credit facilities to fund massive AI and robotaxi push

Tesla has secured $30 billion in new credit facilities, significantly expanding its access to borrowing as the company ramps spending on artificial intelligence, data centers and manufacturing.

The financing consists of a $20 billion three-year delayed-draw term loan led by Citibank, an $8 billion five-year revolving credit facility and a $2 billion 364-day revolving facility, with Wells Fargo serving as administrative agent for the two revolvers. TradingView

Tesla had not drawn any funds from the facilities as of September 29 and said it does not currently plan to do so during 2026. The agreements instead give the company additional liquidity it can tap for general corporate purposes.

Under the $20 billion term facility, Tesla can make as many as 10 draws during the first 18 months. Available commitments decline to $10 billion after one year and $5 billion after 15 months before expiring entirely at 18 months. Any loans drawn mature in September 2029.

The $8 billion revolving facility runs through September 2031 and can be used in dollars, pounds or euros, while the smaller $2 billion revolver expires in September 2027. Tesla can request increases of as much as $4 billion across the revolving facilities, potentially bringing total revolving capacity to $14 billion. TradingView

The financing comes as Tesla enters one of the most capital-intensive periods in its history.

Tesla said in its second-quarter filing that it expects capital expenditures to exceed $25 billion in 2026, driven largely by investments in AI compute and data centers, manufacturing and research facilities, semiconductor operations, Optimus and its growing fleet of company-operated AI-enabled assets. SEC

Capital expenditures had already reached $8.28 billion during the first six months of the year, more than double the $3.89 billion spent during the same period in 2025. Tesla said the overlapping investments could require additional funding even as its core operations continue to generate cash. SEC

The company nevertheless entered the second half with a substantial liquidity cushion. Tesla held $15.22 billion in cash and $28.31 billion in short-term investments as of June 30, giving it about $43.5 billion in combined liquidity. It had approximately $9.08 billion of outstanding debt and another $5 billion available under its previous revolving credit agreement. SEC

Tesla terminated that existing $5 billion revolver as part of the new financing arrangement. The facility dated back to January 2023 and had remained unused. China Global Development Dashboard

The new agreements require Tesla to maintain at least $5 billion in consolidated liquidity. Borrowing costs are tied to benchmark interest rates including Term SOFR, with margins that vary based on Tesla’s credit rating.