Tesla lines up US$30 billion to borrow with AI, robotics investments to rise
Spending hike part of CEO Elon Musk’s push to turn the EV maker into a humanoid robots and AI leader
Tesla has secured $30 billion in new loans and credit lines as part of CEO Elon Musk's strategy to turn the electric vehicle company into a leader in humanoid robots and artificial intelligence. The company entered three credit agreements, including a $20 billion term loan that can be accessed later, an $8 billion line of credit for five years, and a $2 billion line of credit for one year.
These facilities replace a previous $5 billion line of credit set to mature in January 2028. Citigroup and Wells Fargo are the administrative agents for the new loans and credit lines. Tesla plans to significantly increase its capital spending in 2026, with investments exceeding $25 billion, to expand its factory operations and fleet of autonomous Cybercab robotaxis.
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- Tesla lines up $30 billion credit lines as capex, AI push accelerate channelnewsasia.com
