StartupsTechCrunchabout 1 hour ago
Tesla Secures $30B Credit Lines for Cybercab, Optimus
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Tesla announced Tuesday it secured $30 billion in new credit lines from Citibank and Wells Fargo to scale production of its Cybercab robotaxi, Optimus robot, and Tesla Semi. The company does not plan to draw on the facilities this year, but has projected at least $25 billion in 2026 capital expenditures. Tesla ended Q2 with about $9 billion in debt and over $40 billion in cash.
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