NEW YORK — Tesla ($TSLA) entered into $30 billion of new senior unsecured credit facilities on Sept. 29, according to an SEC filing. This financing package includes a $20 billion delayed-draw term loan and $10 billion across two revolving facilities.
The new agreements replace Tesla's previous $5 billion revolving credit facility, which the company simultaneously terminated. The prior facility had no outstanding borrowings at the time of termination.
The $20 billion delayed-draw term loan carries a three-year term, with outstanding loans maturing in Sept. 2029. Tesla can draw on this term facility up to 10 times during the first 18 months of the agreement.
Alongside the term loan, Tesla secured an $8 billion five-year revolving facility and a $2 billion 364-day revolving facility. These revolving facilities provide flexible access to capital.
Tesla said it does not currently plan to draw on the new facilities in 2026. This indicates the company is building substantial financial reserves for future initiatives, rather than addressing immediate liquidity needs.
The company can increase commitments under the two revolving facilities by an additional $4 billion, subject to specific conditions. This potential expansion could raise the total revolving credit facility to $14 billion.
As of June 30, 2026, Tesla maintained a strong cash position, holding $43.5 billion in cash, cash equivalents and short-term investments. The new credit lines augment this strong balance sheet.
The financing arrangements allow for the issuance of letters of credit up to $500 million. No loans were outstanding under the new facilities as of Sept. 29.
This increase in available credit aligns with Tesla's stated goals to fund large projects, including its artificial intelligence and robotaxi initiatives. The expanded financial capacity provides a clear path for investment in these capital-intensive areas.
Tesla also continues to use other debt structures. By Q1 2026, the automaker had drawn every dollar of its expanded RMB 40 billion (approximately $5.5–5.8 billion) China debt facility. That facility was amended in March 2025 to extend fund availability through April 2028, allowing re-borrowing after repayment.
The expansion of its credit lines gives Tesla substantial financial flexibility. The company's stock traded at $352.84, down 1.3 percent today.
