Energy
Tesla takes on $30 billion in credit as it approaches unprofitability
Tesla opened $30 billion in lines of credit according to a regulatory filing today. The loans come as company profits have dropped in recent years, and as Tesla guides for more spending in upcoming quarters.
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Summary
Tesla's profits keep falling, but it has guided for higher CapEx in the coming year. To fill the gap, it just opened a $30B credit line.
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