4 ms·

Renegotiating terms of loan!=defaulting

• mcphilip 14y ago
  I flagged this submission for its incorrect and misleading title, but Tesla does basically say they will default if terms are not renegotiated and/or their follow on stock sale doesn't raise enough money. FTA: Based on our current financial forecast, we currently anticipate that if we do not raise the proceeds from this (stock) offering and do not otherwise adjust our operations accordingly to amend the DOE Loan Facility, we may not be compliant with the current ratio covenant for the quarter period ending March 31, 2013