Whoopsy:

Most debts that I know of are structured that bonds are the senior debt holders, they ar the one the dictate the terms and first to be paid. The bond holders will not lose a cent, it will be regular stock holders, customer that had paid deposits and Elon & Co that takes a haircut. Don't forget, Elon is one of the biggest share holder so he stands to lose a lot.

 

 

Don’t forget that a bankrupt company will need to receive debtor-in-possession financing during a Chapter 11 restructuring.   Any evidence of fraud or misconduct makes tha financing difficult.  Tesla has a history of privacy that might hinder that process.