Tesla is gearing up to issue $783 million in debt, secured by automotive leases from its top-tier borrowers, according to Bloomberg News. This move aligns with a broader trend in the auto industry, where companies are increasingly leveraging asset-backed securities as a way to raise funds. The deal, led by Societe Generale, is expected to be priced next week, though Tesla has yet to comment on the matter.

Like other major U.S. automakers, Tesla is capitalizing on the asset-backed securities market to generate capital. This approach allows companies to secure funding by using existing assets, such as leases, offering more stability in an uncertain market.