Perhaps it's because EM was forced to settle with the SUC by the vulture banks that held Telsa hostage, and that will never happen again. Even at war (chess pieces in play as we speak).
I think it was $84M total debt, and $14M of that was non-recourse debt. It's absurdly low, and its also one ot the reasons that Tesla can now act as its own underwriter for its auto-insurance products.
Remember he's proudest of the Norwegian features, hence the inference that he is and was a Tesla fan far before Tesla ever existed. Douglas Adams should be one of our heroes.
Probably 'investors' who purchased one share so they could join the lawsuit.
Elon said the answer was 42.
Best of all, the way I see it, is we don't care what Moody's has to say about TSLA debt. I really, really hope that Tesla does the 'inefficient' think and runs off of its own cash and doesn't borrow money. Or even roll over existing debt. Pay it off as it comes due and don't get any replacement loans.
In my opinion the most efficient possible way to make $ off credit cards is to sign up for the Wells Fargo Reflect card that’s offering 0% interest for 21 months and use the debt to free up cash for buying Jun 2024 LEAPs.
supposedly, some firms/investors can’t buy TSLA until debt rating is investment grade. Otherwise wouldn’t matter.
Investment grade credit rating will open up a number of high dollar funds to invest and passive investing at that. I agree with your sentiment, but it really matters to the stock price (doesn't matter a lick to the business now).
True enough. In my mind this also reveals an interesting problem with modern, or at least USA, business. If you don't have debt / leverage then you're not doing it right. Good for the investment bankers (that price and sell the debt), but not necessarily appropriate or good for individual businesses.
