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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. The company grew and grew, at a rapid rate, and justified basically any money spent on chasing more growth with what seemed like near-infinite demand as it scaled. That lasted until 2024...

Read more at electrek.co

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