Tesla has secured $30 billion in fresh credit lines that it could use to help scale the new products it is currently working on: the Cybercab robotaxi, Optimus robot, and Tesla Semi.
The company announced Tuesday that Citibank has agreed to a 8 billion five-year revolving credit facility, and a $2 billion revolving credit facility with a 364-day term.
Tesla said in a regulatory filing that it doesn’t plan to draw on these loan facilities this year. The company has already projected that it will spend at least 9 billion in debt and a pile of cash (and investments) north of $40 billion.
All three of these new products have required new manufacturing lines. In the case of the Semi and the Optimus robot, the company has taken the approach of building out new dedicated factories.