After market close today, Tesla announced that it changed its warehouse loan agreement with Deutsche Bank to increase the amount by ~$500 million.

...Now they are increasing the amount available to $1.1 billion, according to a new SEC filing...
...Tesla says that the added borrowing capacity will be used to fund more of its own leases, which have become an increasingly important part of its sales.

The move comes as Tesla’s cash position was at an almost record $3 billion at the end of last quarter, but its quarterly capital expenditure has been increasing. Tesla has been investing heavily in expanding its manufacturing capacity in order to ramp up Model 3 production...

Read Article

Tesla To Nearly DOUBLE Its Lease Program? Increases Its Borrowing Capacity, BIG Time

About the Author