CGX car nut:
SciFrog:

BTW Tesla stock and bonds surges as they announced plans to raise $1.3b in equity and $650m in stock. As mentioned before, as long as they manage to raise money, they are not in trouble. And it seems like they will do it with some ease.

That should be $1.35 bn with a right of the banks to increase to $ 1.55 bn in convertible notes and $ 650 m in common stock or equity.   Convertible notes are debt, not equity; however, the bond holder has the right to convert to equity if a certain equity price threshold is met by the company.   This helps to maximize the upside while minimizing to downside for investor while minimizing cash flow demands on the issuer.

 

Sorry I wrote too fast... corrected but not before you caught it... I am pretty familiar with convertible notes Smiley