Additionally, the conversion price for the 2014 issue was 42% above the stock price, whereas the 2017 issue is 25% above the stock price. For those that don't understand what that means, even Tesla-friendly investment bankers are beginning to sour on capital raises. They are demanding much, much higher yield on the debt, and a much, much lower call on the stock price.
Tesla's balance sheet is perilous ahead of the model 3 capex requirements and eventual rollout.
Submitted March 17, 2017 at 08:55AM by Mdphdthrewaway http://ift.tt/2mWGbMS
