Tesla entered three credit facilities totaling $30 billion on September 29, 2026. No loans were outstanding under the new facilities at signing, and Tesla said it did not currently plan to draw on them in 2026.
How the three facilities compare
The agreements combine a delayed-draw term loan with two revolving credit facilities. A delayed-draw loan lets the borrower request funds later under the agreement; a revolver allows borrowing and repayment within its terms.
| Facility | Commitment | Structure | Stated term |
| Delayed-draw term loan | $20 billion | Senior unsecured | Three years |
| Revolving facility | $8 billion | Senior unsecured | Five years |
| Revolving facility | $2 billion | Senior unsecured | 364 days |
Citibank, N.A. is the administrative agent for the term loan. Wells Fargo Bank, National Association is the administrative agent for both revolving facilities.
Permitted uses and Tesla’s 2026 plan
The agreements permit Tesla to use loan proceeds for general corporate purposes or another purpose allowed by the applicable agreement. They also require Tesla to maintain at least $5 billion in consolidated liquidity, calculated under the agreements’ terms.
Tesla says it does not currently plan to draw on the facilities during 2026. That is the company’s stated plan as of September 29, the date it entered the agreements.
The credit lines could help Tesla scale Cybercab, Optimus and Tesla Semi. The agreements do not earmark proceeds for those products.
Tesla terminates its previous revolving facility
On September 29, Tesla also terminated its previous $5 billion revolving credit agreement. No borrowing was outstanding under that facility, and the termination carried no early-termination penalty.
