Tesla Locks In $30B Credit Backing for Cybercab, Semi and Optimus Build-Out

Tesla has arranged a substantial new financing package to support the next phase of its product roadmap. The company disclosed in a securities filing that it has lined up $30 billion in fresh credit through two major banking partners, splitting the total across several facilities with different terms.

The largest piece, a $20 billion delayed-draw term loan from Citibank, carries a three-year horizon and matures in late September 2029. Tesla noted it can tap this facility periodically, with a cap on how many times it may draw during the first 18 months. Alongside it, Wells Fargo is providing an$8 billion revolving line running five years, with the option to request two one-year extensions, plus a shorter $2 billion facility that comes due in roughly a year. Tesla also left the door open to expanding commitments by another$4 billion, which would lift the total revolving capacity to $14 billion. None of the funds are expected to be used during 2026.

The capital is aimed squarely at the programs Tesla has been racing to industrialize. The Semi now rolls out of a dedicated plant in Sparks, Nevada, built next to the company’s existing Gigafactory. Cybercab production began at Gigafactory Texas and has been scaling up through the year. Optimus, meanwhile, is still deep in development, and making room for it meant winding down Model S and Model X output at Fremont — a symbolic end for two long-running flagships.

All three efforts share a common thread: each demanded new manufacturing capacity. Tesla projects capital expenditures will climb past $25 billion, a sharp jump from a little over$8.5 billion a year earlier. The newly secured credit lines give the company extra financial room as those bets move from planning into production.