Tesla has obtained $30 billion in bank credit facilities while preparing for capital expenditures exceeding $25 billion this year, raising questions about the cash demands of its AI, manufacturing and vehicle ambitions. The package includes a $20 billion three-year delayed-draw term loan, an $8 billion five-year revolving credit facility and a $2 billion 364-day revolver. Tesla said it does not plan to draw on the facilities in 2026, but GLJ Research analyst Gordon Johnson said the declining commitments on the delayed-draw loan point to 2027 as a potentially important period for the company’s financing needs. Tesla held $43.52 billion in cash and short-term investments in June, down from $44.7 billion in March, while second-quarter capital expenditures exceeded operating cash flow by $1.1 billion. The agreements increase Tesla’s minimum liquidity requirement to $5 billion from $1 billion. ARK Innovation ETF, led by Cathie Wood, bought 48,352 Tesla shares for $17.1 million as the stock closed down 1.3% Tuesday and headed for a 4% September decline.