Tesla faces a cash crunch with a $920 million debt payment due on Friday

Indonesia Berita Berita

Tesla faces a cash crunch with a $920 million debt payment due on Friday
Indonesia Berita Terbaru,Indonesia Berita utama
  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

If Tesla's stock was much higher, the company could convert debt to equity and pay back lenders that way.

On Friday, close to $1 billion in debt comes due for Tesla, an obligation that will wipe out about a quarter of the company's cash. According to regulatory filings, Tesla has $920 million in convertible senior notes set to expire on March 1, at a conversion price of $359.87 per share. Tesla's stock hasn't traded above $359 for weeks, and closed on Tuesday at $297.86.

But Tesla has been showing signs of financial strain for a while. The company decreased capital expenditures throughout 2018 and plans for only a modest increase this year. All that while, Musk has tantalized Tesla fans with the promise of speedy repairs and body work for Tesla owners, as well as"full self-driving" features and a pipeline of new products like sleek solar roof tiles, new electric cars and trucks.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

CNBC /  🏆 12. in US

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Tesla starts Model 3 delivery in China earlier than expectedTesla starts Model 3 delivery in China earlier than expectedTesla Inc has started delivering Model 3 cars in China slightly ahead of schedul...
Baca lebih lajut »

Tesla customers describe maddening problems with returns and refundsTesla customers describe maddening problems with returns and refundsSome Tesla customers say the company left them stressed and stranded, waiting months to be paid back for returned cars or canceled reservations.
Baca lebih lajut »

Tesla Model 3 can no longer be recommended, says Consumer ReportsTesla Model 3 can no longer be recommended, says Consumer ReportsTesla stock drops as Consumer Reports blasts the electric sedan's 'declining reliability.'
Baca lebih lajut »



Render Time: 2025-03-18 01:57:03