How a Low Share Price Would be Fatal for Tesla, and why Musk has to pump it up, come hell or high water.
Tesla shares are down 50% from last December and are back where they’d first been in September 2013. Bonds dropped to a new low on Friday, reflecting what the market thinks the probability is that Tesla will default, and what bondholders will get if it does. This poses a unique existential problem for Tesla.
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