12 ms·
> Good news is, there are no obvious bond market bogeymen on the horizon in the very near-term. I actually see one. it depends on your definition of near term
by chollida1 8y ago
> Good news is, there are no obvious bond market bogeymen on the horizon in the very near-term.
I actually see one. it depends on your definition of near term, but in march of next year Tesla has alot of debt coming due. This debt is convertible(to stock) at around $350ish.
However, reportedly, this debt allows tesla to raise the conversion rate such that it can convert the debt to equity at any rate it wants.
https://seekingalpha.com/article/4191711-tesla-stealth-capital-raise?ifp=0 https://seekingalpha.com/article/4191711-tesla-stealth-capit...
I haven't verified that but I thought its an interesting thesis:)