Tesla Bond Conversion Update:

via @Paul_M_Huettner:

2019 Bonds: 107.859 (7.859% premium) $5mm traded today Stock: $365.15 (1.468% premium) Reminder: will pay based on previous 20 day VWAP formula. Payout is currently at $990.42 so conversion now makes ZERO sense.

Quick update to this with the help of . The observation period to determine conversion value after 12/1/18 is the 20 day trading period beginning on 1/29/19 and ending 2/26/19. Therefore, conversion DEFINITELY won’t happen until late February.

Quick update to this with the help of . The observation period to determine conversion value after 12/1/18 is the 20 day trading period beginning on 1/29/19 and ending 2/26/19. Therefore, conversion DEFINITELY won’t happen until late February.

 

398 views