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.