$TSLA

Tesla's Stock is at 291.55, will Tesla make it to 360 or suffer cash flow destruction. The bonds have a conversion price of $359.88 per share. If Tesla's share price is below that amount by the due date of March 1, 2019, the notes must be paid by the company in cash to the holders. If the stock price is above, notes are generally converted into equity shares.
 
Again, although they said they would pay 100% cash, my guess is that they still can go 50-50 cash/stock if they decide to. The stock doesn't need to be at 360...
 
https://www.cnbc.com/2019/02/25/tes...elon-musk-in-contempt-for-violating-deal.html

Tesla shares fall after SEC asks judge to hold Elon Musk in contempt for violating deal

  • The CEO said that Tesla would make “around” 500,000 vehicles this year, clarifying about four hours later that he “meant to say” the company’s annualized production rate at the end of 2019 could be around 500,000 vehicles.
  • Total deliveries for the year are still estimated at 400,000, Musk said.
  • “Musk did not seek or receive pre-approval prior to publishing this tweet, which was inaccurate and disseminated to over 24 million people,” the SEC wrote in the court filing.
 
Here4money said:
https://www.cnbc.com/2019/02/25/tes...elon-musk-in-contempt-for-violating-deal.html

Tesla shares fall after SEC asks judge to hold Elon Musk in contempt for violating deal

  • The CEO said that Tesla would make “around” 500,000 vehicles this year, clarifying about four hours later that he “meant to say” the company’s annualized production rate at the end of 2019 could be around 500,000 vehicles.
  • Total deliveries for the year are still estimated at 400,000, Musk said.
  • “Musk did not seek or receive pre-approval prior to publishing this tweet, which was inaccurate and disseminated to over 24 million people,” the SEC wrote in the court filing.
More...
musk.JPG
 
Pekelo said:
Nothing like filing financial info in secret:

https://seekingalpha.com/news/3436595-tesla-approved-confidential-exhibit-filing

My take is that the SEC is getting into a tight spot. They could cause real damage to Tesla, but a government agency might not want to cause the collapsion of a big company and be responsible for thousands of jobs lost...On the other hand they can't look weak either.
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I think he borrowed more money in junk status. The company filed the request under SEC rule 24b-2 for confidential treatment of information it excluded from the exhibits attached to the 10-K filed on February 23 and the 10-Q filed last November. Exhibit 10.44 and exhibit 10.46 were the matters of interest

https://www.sec.gov/Archives/edgar/data/1318605/000156459018002956/tsla-ex1044_262.htm

https://www.sec.gov/Archives/edgar/data/1318605/000156459018002956/tsla-ex1046_261.htm

It seems those are the financial and borrowing exhibit's. He likely wouldn't have operating cash flow after paying bond and added more debt. Why do this tho ? It's not like the word won't get out
 
At this point Tesla cooking the books is pretty much a given. The question is just when it is going to come and bite them in the ass? I have a feeling that the whole thing might unravel really fast a few months from now. What will start the landslide is anybody's guess.
 
Pekelo said:
At this point Tesla cooking the books is pretty much a given. The question is just when it is going to come and bite them in the ass? I have a feeling that the whole thing might unravel really fast a few months from now. What will start the landslide is anybody's guess.
More...

They have been cooking them of about 10 % of cost, they way the report gross Margins other Car Manufacturer's don't, they hide expanses to investors but obviously can't do that in there SEC Filings. Jim Chanos owns Tesla's soul, he debunked them many times

Here he is explaining there accounting fiction at 6:30, watch whole video for complete analysis

 
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