1/ If you are on twitter debating the finer points of various potential debt refi options for $TSLA, please stop. Issuing equity would be very much easier and is what’s required here. Whatever is stopping them from issuing equity is also going to hinder a debt raise of any kind.
2/ Any refi deal would require due diligence. Nobody is investing billions of new money in a company under active regulatory investigation without a close inspection of the books. If a close inspection of the $TSLA books wasn’t a hinderance, they’d go the equity route.
3/ Now, it is not to say that $TSLA won’t *announce* some kind of raise - pending due diligence. They’ve already done that with $420 funding secured. I knew funding secured was a lie in part because per the blog post that day no due diligence had yet been done.
4/ In the event that a raise of any kind is announced that has already survived final due diligence, $TSLAQ will suffer a serious stock run, imo, because no matter how terrible the terms, a raise averts near term $TSLA solvency risk, and there’s a lot of that priced in here.
