Tesla replaces revolver with $30bn in new credit facilities
The company terminates its existing $5 billion revolving credit agreement with Citibank as part of the new arrangements
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UpdateTuesday, September 29, 2026 at 4:45 PM ET
Tesla says the terminated Citibank revolver had no borrowings outstanding and carried no early termination penalties. As of September 29, 2026, no loans were outstanding under the new facilities, and Tesla says it does not currently plan to draw on them in 2026.
Tesla has entered a set of new credit facilities totaling $30 billion, replacing its previous revolving credit agreement. The package includes an $8 billion five-year revolving facility, a $2 billion 364-day revolving credit facility, and a $20 billion three-year delayed draw term loan facility maturing on September 29, 2029.
The five-year facility permits letters of credit up to $500 million. Tesla also has the option to increase its revolving credit agreements by up to $4 billion, bringing the total available under those lines to $14 billion.
Tesla terminated its existing $5 billion revolving credit agreement with Citibank in connection with the new arrangements.
The move reads as liquidity insurance rather than a signal about demand or execution. The financing question was never central to Tesla's setup: the open items for the company remain Cybercab certification ahead of the September 30 deadline and the Optimus production snags flagged in supplier reporting. A $30 billion undrawn liquidity buffer is a balance sheet footnote, not a signal about capex needs, demand, or execution risk on robotaxis or humanoids. This leaves the stock's near-term trading setup unchanged.