Tesla Locks in $30 Billion in New Credit as It Scales Up Optimus, Cybercab and Joint Solar Plans With SpaceX
benzinga_article·
- Tesla secured $30 billion in new credit facilities, including a $20 billion term loan and $10 billion in revolving facilities, while terminating its 2023 agreement.
- The company is accelerating capital expenditures exceeding $25 billion this year to scale up production of Cybercab robotaxis, Optimus robots, and AI initiatives.
- Tesla and SpaceX also announced plans to jointly produce 200 gigawatts of solar power annually.
