Big brain stuff from Tesla.
If low cost access to credit exists, take it.
It adds “survivability” AND the ability to aggressively seize opportunities as they arise.
This is a useful strategy for sophisticated (see: non-retarded) investors, too.
Tesla has just secured a new $30 billion financing package, significantly expanding the company’s available borrowing capacity, according to a new SEC filing.
• $20B delayed-draw term loan facility
• $8B five-year revolving credit facility
• $2B 364-day revolving credit facility
Tesla has not borrowed any of the $30 billion yet and says it currently does not plan to draw on the facilities in 2026.