The latest beneficiaries of Tesla’s surging shares: bondholders.
Prices for Tesla Inc.’s traditional bond due in 2025 reached a record 104.36 cents on the dollar Tuesday, according to MarketAxess, after the electric-car maker said it would sell up to $5 billion in stock, bolstering its balance sheet after a 5-for-1 stock split Monday.
That…
To Read the Full Story
This post first appeared here: https://www.wsj.com/articles/teslas-share-sale-plans-boost-bonds-11599048673?mod=rss_Technology
