It's also worth keeping in mind that Tesla's debt maturities include convertible bonds... another reason for a CEO to watch the stock price! Smiley

For example, Tesla has a $230 million bond inherited from SolarCity due in November with a strike price of nearly $561 per share; a $920 million convertible in March 2019 with a strike price of about $360; another $566 million SolarCity convertible bond due in November 2019 with a strike of about $760 per share... Smiley

While $230 million in November 2018 and $566 million due in November 2019 are a significant distance from converting into equity, Elon may be hoping that Tesla stock recovers to trade above $360 by March 2019 which would avoid another $920 million of debt maturing... Smiley

For reference, an extract from the 2018 Q1 filing in the Risk Factors...

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