Tesla takes on $30B in credit as it approaches unprofitability
Summary
Tesla opened $30 billion in lines of credit as profitability has deteriorated and capital expenditures have surged. The regulatory filing indicates new loan facilities from Citi and Wells Fargo, replacing a prior $5B line, with draw-maturity of one to five years. The article analyzes how this financing move funds ongoing spending and product initiatives amid thinning margins and cash flow pressure.