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    Tesla might make $920 million in debt go away

    by Russ Mitchell, Los Angeles Times Nov 15, 2018 3 minutes

    A big pile of debt comes due at Tesla March 1 – $920 million worth. But starting in two weeks, the company has a chance to make it disappear.

    The debt is in the form of convertible bonds, a special kind of instrument that can be converted into shares of Tesla stock under certain conditions. If conditions are met, and all bondholders convert, Tesla would suddenly gain $920 million worth of much-needed financial flexibility.

    To spark a conversion, Tesla needs to boost its stock price to $359.87 or higher at some point from Dec.

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