Some thoughts: 1/n If $TSLA were to plan a restructuring, it would plan to do so before the November bonds come due as not to waste valueable cash, needed to survive. It is a highly capital intensive company, so once even notion of restructuring is known, all doors will be shut
2/N and will stay shut until new funding is secured, this may take a long time until all stakeholders agree on a new structure. Usually a company would take out a loan against its assets, but most of tsla assets are already encumbered.
3/N for new NewCo to operate, it has to pay off the secured creditors first, which is probobly the purpose of the 5 Bn DIP. Otherwise all assets are owned by secured creditors.
4/N but before the agreement is reached, $TSLA must survive with suppliers going COD and customers only paying on delivery
