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Why does Tesla need $30B in financing with their current cash balance? Sounds like something an airline would do in lean times. Maybe I don't understand the future needs for cash. Any ideas?
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
