Tesla has lined up $30 billion in new bank facilities, giving it a liquidity backstop for the capital-intensive rollout of its Cybercab robotaxi, Optimus humanoid robot and Semi truck even as it sits on more than $40 billion in cash and investments.
The facilities
Citibank committed a $20 billion three-year delayed-draw term loan. Wells Fargo added an $8 billion five-year revolver and a $2 billion revolver with a 364-day term. The company said in a filing it does not intend to draw on any of them this year.
The balance sheet context
Tesla ended the second quarter with roughly $9 billion in debt against that $40 billion-plus cash pile. It has already guided to at least $25 billion of capital expenditure for 2026. The new facilities expand available liquidity to roughly $70 billion without adding a dollar of drawn debt.
The manufacturing bet
All three products require new production lines. For the Semi and Optimus, Tesla is building dedicated factories rather than retooling existing plants. The credit package is sized for that buildout, not for near-term operating needs.
What to watch
The delayed-draw structure means Tesla pays commitment fees on undrawn amounts but locks in pricing and tenor. If Cybercab or Optimus timelines slip, the facilities sit unused. If they accelerate, the company has pre-negotiated access at a scale that dwarfs its current debt load.