Tesla Secures $30 Billion in New Financing Arrangements

Tesla has entered into multiple financing agreements, including a $20 billion three-year delayed-draw term loan, an $8 billion five-year revolving credit facility, and a $2 billion 364-day revolving credit facility. The company has terminated its previous credit agreements, with the new terms allowing for up to $500 million in letters of credit and the potential to increase the revolving credit capacity to $14 billion.