Tesla loads up on $30B credit lines 💰

Tesla secured $30 billion in new credit facilities from Citibank and Wells Fargo to scale its Potatocab, Optimus, and Semi projects, despite sitting on $40 billion cash.

They're not messing around with those future factory build-outs.

Tesla does not plan to draw its new $30B credit lines this year. With at least $25B in planned capex and over $40B in cash and investments, the facilities buy manufacturing flexibility, not proven Potatocab demand.