Tesla Bonds Slip, Remain Above Lows

By Anonymous

Price suggests that questions about the future of Chief Executive Elon Musk aren’t changing opinions about company’s capacity to pay off debt

Tesla Inc. bonds declined but remained above recent lows on Friday, suggesting that the increased threat to Chief Executive Elon Musk’s future at the electric-car maker has yet to significantly change opinions about the company’s ability to pay its debt.

Tesla’s 5.3% senior unsecured bonds due 2025 were hovering around 84.5 cents on the dollar in early trading Friday, according to MarketAxess, translating to a yield of around 8.3%.