If Tesla makes its debt payment, it will have defied some skeptics who argued last year that it could only do so by issuing more debt or equity
Tesla Inc. is scheduled to deliver its largest-ever bond payment Friday, a move that will likely use up nearly a quarter of its cash at a time when the company faces increasing scrutiny from regulators and investors.
The electric car maker had issued $920 million in convertible, senior notes five years ago, a period when rapid growth and optimism around its Model S electric car drove a furious rally in Tesla shares. Reflecting that, the strike price for the notes, or the level at which the notes would be fulfilled by a conversion...
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