Tesla said it has secured $30 billion in new credit lines that will be used to expand production capacity for its Cybercab robotaxi and Optimus humanoid robot programs. The company said it does not expect to draw on the new facilities this year, as it has already planned at least $25 billion in capital expenditures. The update was cited by TechCrunch. The announcement centers on financing capacity and production expansion, while also indicating that the newly arranged credit is not expected to be tapped in the near term. Tesla framed the facilities as support for scaling two of its closely watched projects: Cybercab, its autonomous taxi effort, and Optimus, its humanoid robot program.
Tesla said it has secured $30 billion in new credit lines to expand production for its Cybercab robotaxi and Optimus humanoid robot programs.
The company said it will not use the new credit lines this year because it has already planned at least $25 billion in capital expenditures. TechCrunch cited the development.
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