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- 1Tesla borrows $30 billion as profitability concerns mount●Tesla takes on $30B in credit as it approaches unprofitability
Tesla has taken on roughly $30 billion in new credit even as the company edges toward unprofitability. The financing comes amid weakening demand for its electric vehicles, growing competition, and pressure from investor Elon Musk's political activities. Analysts are questioning why the automaker, long seen as a cash-rich leader in EVs, now needs such a large credit line.