Both Electrek and TechCrunch report that Tesla has secured $30 billion in new credit facilities from Citi and Wells Fargo. The total amount and lenders are consistent across both reports. Tesla says it does not plan to draw on the facilities this year, though the end of 2026 is only months away and spending is expected to stay elevated.
The two outlets frame the move differently. Electrek emphasizes Tesla's deteriorating profitability, noting that the company has booked questionable one-time profits to stay in the black and was cash flow negative last quarter for the first time since early 2024. TechCrunch focuses on the purpose: scaling the Cybercab robotaxi, Optimus robot, and Tesla Semi, which require new manufacturing lines and dedicated factories.
Both sources note Tesla's capital expenditure projection of $25 billion for 2026, up from $8.5 billion in 2025. Tesla finished the second quarter with roughly $40 billion in cash and investments, but the credit lines add a cushion. Electrek points out that the $30 billion is about a quarter of Tesla's quarterly revenue, and a much larger chunk relative to its thin profits.