(Reuters) If Tesla Inc (TSLA.O) Chief Executive Elon Musk needs to raise even more money, there may be a way.On Tuesday billionaire investor George Soros disclosed a $35 million stake in Tesla convertible senior notes during the first three months of the year. Convertible notes give investors the right to trade their debt for equity at a conversion rate and are more appealing to the risk-averse, allowing them to benefit from Tesla’s stock price rising while guarding against the risk that it might not.
George Soros’ Bet on Tesla Could See Other Investors Follow Suit
This entry was posted in Syndicated. Bookmark the permalink.
