Tesla Locks in $30 Billion in New Credit as It Scales Up Optimus, Cybercab and Joint Solar Plans With SpaceX

Tesla Inc. has secured $30 billion in new credit facilities to support its investments in AI and production of Cybercab robotaxis and Optimus robots. The credit package includes a $20 billion term loan from Citibank, an $8 billion revolving credit facility, and a $2 billion short-term facility led by Wells Fargo. CEO Elon Musk announced plans for Tesla and SpaceX to jointly produce 200 gigawatts of solar power annually, while the company anticipates over $25 billion in capital expenditures this year. Following the announcement, Tesla's stock fell 1.29% to $352.84.