Tesla has obtained $30 billion in new credit facilities from Citibank and Wells Fargo to support scaling production of its Cybercab robotaxi, Optimus robot, and Tesla Semi truck. The funds include a $20 billion three-year loan and $10 billion in revolving credit lines. Tesla does not plan to draw on these loans this year but aims to invest heavily in manufacturing new dedicated factories for these products. This financial move supports Tesla's projected $25 billion capital expenditure for 2026 and its ongoing innovation in electric and robotic transportation.
As of Sep 30, 2026 04:11 WIB, Tesla shares trade at USD 353.64 on Pluang, down 1.07% in the past day with a market cap of $1.41 trillion. Investor interest remains balanced with 56% buy and 44% sell orders, reflecting steady engagement despite the recent credit facility news. Tesla's enterprise value stands at $1.38 trillion, underscoring its significant scale in the consumer cyclical sector.
Tesla has started pre-orders for its autonomous Cybercab for personal use, priced at $29,990 with a $299 monthly operating fee. The vehicle will initially be available only in select Texas cities with geofenced operation areas, with deliveries expect...
Roundhill Investments has launched the Roundhill Magnificent Seven Plus ETF (MAGP), the first ETF to include the original Magnificent Seven tech giants alongside Anthropic, OpenAI, SpaceX, and Broadcom. This ETF offers investors exposure to leading A...
Nvidia's board is considering removing Jensen Huang, the company's co-founder and longtime CEO, amid personal controversies. Huang's potential departure has sparked speculation about him partnering with Elon Musk on Terafab, a massive chip manufactur...
Porsche CEO Michael Leiters criticized Tesla's recent flying Roadster demo as a gimmick, emphasizing Porsche's focus on tangible technology innovations instead. Leiters highlighted Porsche's Mission S concept, a high-end sports car expected to cost m...
Baron First Principles ETF declined 3.99% in Q3, underperforming the Russell 3000 Growth Index due to worries over increased capital spending on AI chips and uncertain returns. Key holdings like SpaceX and Tesla saw share drops, while software compan...
