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.
- For its first decade and a half of operation, Tesla sales and revenue basically did nothing but increase.
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- 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.
- For its first decade and a half of operation, Tesla sales and revenue basically did nothing but increase.
Sources: Electrek