Now Tesla is begging suppliers for "cash back" and change the supplier pricing on existing contracts. Sounds like the cash incineration engine needs more green.
https://www.wsj.com/articles/tesla-asks-suppliers-for-cash-back-to-help-turn-a-profit-1532301091
This quote is veeeeeeery interesting:
Tesla will need to pay down a $230 million convertible bond this November if its stock doesn’t reach a conversion price of $560.64, and a $920 million convertible note next March if the stock doesn’t reach $359.87. Shares closed Friday at $313.58, and are down about 4.5% over the past 12 months.
Now all the fire and fury tweeting madness from Elon makes sense. He has every incentive to keep TSLA stock inflated by whatever means necessary.
https://www.wsj.com/articles/tesla-asks-suppliers-for-cash-back-to-help-turn-a-profit-1532301091
This quote is veeeeeeery interesting:
Tesla will need to pay down a $230 million convertible bond this November if its stock doesn’t reach a conversion price of $560.64, and a $920 million convertible note next March if the stock doesn’t reach $359.87. Shares closed Friday at $313.58, and are down about 4.5% over the past 12 months.
Now all the fire and fury tweeting madness from Elon makes sense. He has every incentive to keep TSLA stock inflated by whatever means necessary.