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Maybe due to arrangements like this: "On or after Dec. 1, 2018, to the debt’s maturity date, the holders can decide to convert the debt into Tesla shares. If T
by jpalomaki 8y ago
Maybe due to arrangements like this:
"On or after Dec. 1, 2018, to the debt’s maturity date, the holders can decide to convert the debt into Tesla shares. If Tesla’s stock is above the $359.87 stock price, the holders will likely convert the debt into equity, relieving the company from using $920 million in cash required when the debt comes due in March."
https://www.cnbc.com/2018/08/08/elon-musks-tesla-stock-boost-may-lower-financial-pressures-for-the-ca.html https://www.cnbc.com/2018/08/08/elon-musks-tesla-stock-boost...