Tesla lines up $30 billion credit lines as capex, AI push accelerate

FILE PHOTO: Tesla logo is seen in this illustration taken July 23, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

Add CNA as a trusted source to help Google better understand and surface our content in search results.

Sept 29 : Tesla has entered into credit agreements totaling $30 billion, including a $20 billion delayed draw-term loan facility, according to a regulatory filing on Tuesday.

The company expects to direct much of its record spending this year toward AI compute infrastructure, solar cell-manufacturing capacity and a semiconductor fabrication project with SpaceX, as well as other expansion areas.

• The electric-vehicle maker also secured an $8 billion five-year revolving credit facility and a $2 billion 364-day revolving credit facility.

• Tesla replaced a $5 billion revolving credit facility due in January 2028, which had no outstanding borrowings at the time of its termination.

• Earlier this year, the Elon Musk-led company forecast 2026 capital expenditure of more than $25 billion, after spending $8.53 billion in 2025.

• "SpaceX is aiming together with Tesla to do 200 gigawatts of solar production per year," CEO Musk said at an event in Washington on Tuesday.

Copyright for this text belongs to CNA.