Tesla secures $30 billion in credit agreements — Channel NewsAsia

Tesla has secured credit agreements totaling $30 billion, including a $20 billion delayed-draw term loan. This is stated in the company’s regulatory filing, Channel NewsAsia reports.

New credit facilities

The electric vehicle manufacturer also secured a five-year $8 billion revolving credit facility and another $2 billion revolving facility with a term of 364 days. The new arrangements replaced a $5 billion revolving credit facility that was set to expire in January 2028.

At the time the previous facility was terminated, Tesla had no outstanding borrowings under it. As of September 29, the company also had no outstanding borrowings under the new facilities and said it currently does not plan to draw funds under them in 2026.

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Investment in AI and production

Tesla had previously forecast capital expenditures of more than $25 billion in 2026, following $8.53 billion spent in 2025. The company expects to direct a significant portion of the investment toward computing infrastructure for artificial intelligence, solar cell production capacity, a semiconductor manufacturing project with SpaceX, and other areas of expansion.

Tesla CEO Elon Musk said during an event in Washington that SpaceX, together with Tesla, aims to achieve 200 gigawatts of solar production per year. According to LSEG data, analysts expect Tesla’s free cash flow to be negative by $9.78 billion.