FinanceElectrekabout 1 hour ago
Tesla Opens $30 Billion Credit Lines
4 min read
Tesla opened $30 billion in credit lines from Citi and Wells Fargo, per a regulatory filing, with terms of one to five years. The move follows a 1% sales drop in 2024, razor-thin profits, and last quarter's first negative cash flow since Q1 2024, as capital expenditure more than doubled to fund delayed products like Cybercab and Semi.
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