2019-2-28 18:25 |
Tesla investors should be nervous right now. The company faces a looming $1 billion debt deadline on Friday. The repayment will wipe out a third of Tesla’s cash reserves instantly. But it gets worse.
Tesla is reportedly about to take on a further $2 billion in loans to fund its new gigafactory in China. The situation is gloomier still. Elon Musk bought a mountain of Tesla shares with borrowed money. And he put up other TSLA shares as collateral. The company even admitted in a recent filing that this move could kill the stock price. Tesla is a House of Cards
The post Tesla’s Catastrophic Debt Addiction Should Terrify Investors appeared first on CCN
.Similar to Notcoin - Blum - Airdrops In 2024