If Musk actually had the "Funding Secured", a lower price would strictly be better. All the convertible bonds do is set a floor for the cost of extinguishing t

If Musk actually had the "Funding Secured", a lower price would strictly be better. All the convertible bonds do is set a floor for the cost of extinguishing the convertible debt. The only circumstance in which a lower price would be detrimental would be one in which Tesla actually doesn't intend to go private. If they aren't going private, then they would have to deal with the cash crunch.