Tesla secures $30B in new credit lines as it looks to scale Cybercab, Optimus

AI Summary

Tesla has secured $30 billion in new credit facilities to support plans to scale its Cybercab and Optimus programs. The company says it does not expect to draw on the facilities this year and has already budgeted at least $25 billion in capital expenditures.

The company says it won't draw on the new debt facilities this year, as it has already planned at least $25 billion in capital expenditures.