Tesla borrows $30 billion as profits evaporate

Tesla takes on $30B in credit as it approaches unprofitability

Tesla has opened $30 billion in credit lines from Citi and Wells Fargo, a regulatory filing shows, replacing a $5 billion facility. The move comes as profits have thinned to hundreds of millions, capital expenditures are set to hit $25 billion in 2026, and the company turned cash-flow negative last quarter for the first time since early 2024. Despite holding $43 billion in cash, Tesla is borrowing to fund operations and long-promised products.