4 ms·
Tesla paid back (almost all of) SolarCity's solar bonds in 2017. Only Musk personally (and his cousins) still hold that debt. [0] https://electrek.co/2017/04/1
by rory096 9y ago
Tesla paid back (almost all of) SolarCity's solar bonds in 2017. Only Musk personally (and his cousins) still hold that debt.
[0] https://electrek.co/2017/04/14/tesla-solar-bonds-elon-musk-spacex/amp/ https://electrek.co/2017/04/14/tesla-solar-bonds-elon-musk-s...
- thomaskcr 9y agoThat's definitely not true -- They have a $230m Solarcity bond due Nov 2018 and then another $566m inherited Solarcity bond due Nov 2019. What was paid back were "Solar bonds", which were not SolarCity bonds. I can see why you would think that though - the PR around that only mentioned what they were paying early, not what was being inherited. (I think by design, but I have a cynical view of Tesla's relationship with the truth so that's only an opinion).
- rory096 9y agoAs far as I know, solar bonds are the only type of SolarCity bond that SpaceX owned. [0] http://fortune.com/2015/08/07/this-is-why-elon-musks-spacex-has-been-buying-up-solarcitys-bonds/ http://fortune.com/2015/08/07/this-is-why-elon-musks-spacex-...
- deleted 9y ago[deleted]