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How To Pay Off Your Tesla On TuroYour application will then be reviewed, which typically takes one business day. If your application is approved, we'll provide you with an update directly. This. How Long Does Tesla Loan Approval Take? The Tesla loan approval process can vary, but here's a general timeline: Application: Completing the application can. They texted me I can schedule to pick up the Cybertruck while my credit still pending. Then I resubmit and got approved within 10min.