Tesla has arranged $30 billion in new unsecured credit facilities, including a $20 billion delayed-draw term loan, according to a current report on Form 8-K filed with the SEC on Tuesday.
The largest piece is a $20 billion senior unsecured delayed-draw term loan with Citibank as administrative agent. Tesla can tap it up to 10 times during the first 18 months, with undrawn commitments stepping down to $10 billion on the first anniversary and $5 billion after 15 months. Loans under the facility mature on September 29, 2029.
Wells Fargo serves as administrative agent on the other two facilities. The $8 billion five-year revolving facility can be drawn in dollars, pounds sterling or euros, includes a $500 million letter-of-credit sublimit, and terminates on September 29, 2031, with two one-year extension options. Its 364-day counterpart, a $2 billion dollar-denominated line, terminates on September 28, 2027 and carries a term-out option. An accordion feature lets Tesla enlarge the two revolvers by as much as $4 billion combined.
The filing says proceeds may be used for general corporate purposes and that no loans were outstanding when the agreements were signed. Tesla added that it does not currently plan to draw on the facilities in 2026. The agreements require the company to maintain at least $5 billion of consolidated liquidity.
The new package replaces a $5 billion revolving credit line dating to January 2023, also led by Citibank, which Tesla terminated the same day. According to the filing, nothing was borrowed under the old line and no early-termination penalties were incurred, leaving the company with six times its previous undrawn backup capacity.
Chief Financial Officer Vaibhav Taneja signed the filing. The package is the biggest liquidity backstop in Tesla’s history, signaling that banks are willing to underwrite big commitments while the company scales AI compute and manufacturing. Tesla’s investor relations team posted a Q3 2026 delivery consensus of 461,974 vehicles ahead of this week’s quarterly report, and executives discussed Cybercab production, an Optimus update and FSD on the third-quarter 2025 earnings call. For the second quarter of 2025, the company reported $22.5 billion in revenue and $1.17 billion in net income.
With the 18-month draw window now open, the first contractual step-down arrives on September 29, 2027, when undrawn term-loan commitments fall to $10 billion.
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