Catenaa, Wednesday, September 30, 2026- Tesla secured new loans worth $30 billion to increase its investments in AI and robotics.
According to Bloomberg, a company filing said the $30 billion includes a $20 billion term loan it can draw on later, an $8 billion line of credit for five years, and a $2 billion line of credit for about one year.
The Filing also said that the company doesn’t currently plan to draw on any of the facilities this year.
Bloomberg said the facilities replace a previous $5 billion line of credit set to mature in January 2028.
Citigroup is the administrative agent for the new delayed-draw term loan, and Wells Fargo is the administrative agent for the credit lines.
Tesla has started boosting capital spending to position the company as a global leader in AI and robotics, in line with CEO Elon Musk’s vision.
The company plans to spend more than $25 billion this year to expand its factory operations and its fleet of autonomous Cybercab robotaxis, and even more in the future, the report said.
At the company’s earnings call in July, Musk said Tesla should spend on capex as fast as it can, without being too wasteful.
Musk has also hinted at combining Tesla with SpaceX, the AI and rocket firm he also leads. The two companies cooperate, for example, on a Terafab project that will eventually manufacture chips for robotics, AI and space data centers.
Earlier this month, during a conference appearance, Musk was asked why the companies are separate.
“Great question,” he responded. “Who could imagine what action one might take when there’s so much close collaboration in so many areas?”
A Bloomberg report said that under its new credit lines, Tesla can increase commitments by as much as $4 billion, potentially raising the facilities to $14 billion total.
Loans under the five-year line of credit can be denominated in US dollars, pounds sterling, or euros, while those under the shorter-term line are denominated in US dollars.
