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✉news TechnologyGadgets first seen 17 h ago, last 1 h ago, peak #3

Tesla Secures $30 Billion in Credit as Spending Doubles

Original: Tesla Lines Up $30 Billion in Credit as Capital Spending Doubles

Tesla has lined up $30 billion in credit lines as its capital expenditure roughly doubles, according to a report by Gadget Review. The funding gives the electric car maker extra financial headroom at a time when it is spending heavily on factories, new models and technology, and it is drawing attention from investors watching how the company manages costs.

Why now: Tesla's sharply rising capital spending and large new credit arrangements raise questions about its investment plans and financial strategy.

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