Quote:
Originally Posted by JSH
Stock price is critically important to Tesla. In March they have $1 billion in debt due. If Tesla stock is above $360 a share Tesla can convert the debt to stock. If the share price is below $360 a share then Tesla needs to come up with $1 Billion to pay off the bonds.
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As mentioned here: https://www.businessinsider.nl/tesla...onal=true&r=US
My take is that Tesla actually prefers to pay cash, even when the stock is well above $359.88. They enlarged their cash position, so that would make sense.
Their weekly revenue is more than half a billion anyway.
An analysis of the options: https://cleantechnica.com/2018/10/17...-in-2018-2019/
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Last edited by RedDevil; 01-20-2019 at 02:59 PM..
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