1/ How did the credit market digest the news that the CEO of the most amazing example of The-CEO-Is-The-Stock ever was charged with fraud by the SEC? Let's have a look. $TSLA
2/ The flagship straight bond blew out to very near the all-time high yield. This bond is due in 2025. With an 84 handle and an 8.3% yield to maturity, the bond market is basically closed to $TSLA. 
3/ The credit default swaps on those bonds blew out to very near the all-time high cost to insure. You don't have to be an expert in the CDS market to know this isn't a good sign. This market is pricing in a very serious risk of default. $TSLA
4/ Finally, there's the SCTY bond due on Nov 1 (32 days). This $230MM convertible note is selling at a mid-yield-to-maturity of 23%! I know this is thinly traded etc etc etc. But, call me crazy, I find this very interesting. $TSLA
5/ A friendly reminder to longs with minimal financial acumen. Equity is subordinate to debt in the capital table. You get nothing before the debt is repaid IN FULL in the event of a reorg. The liquidation value of $TSLA needs to be measured against the full debt load. No bueno.
