Tesla’s Cash Crunch Has Arrived—Blame Its AI Ambitions
Yahoo Finance
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Tesla is set to borrow a lot more money as it invests heavily in its AI ambitions.
Tuesday, the EV maker entered into $25 billion in new credit facilities, including a $20 billion three-year delayed draw facility, an $8 billion senior unsecured revolving credit facility, and a $2 billion senior unsecured 364-day facility.
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Original source: Yahoo Finance