How a Low Share Price Would be Fatal for Tesla, and why Musk has to pump it up, come hell or high water.

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter

Tesla shares are down 50% from last December and are back where they’d first been in September 2013. Bonds dropped to a new low on Friday, reflecting what the market thinks the probability is that Tesla will default, and what bondholders will get if it does. This poses a unique existential problem for Tesla.