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A comment on Tesla to raise $1B. Parent comment

Re:Tesla to raise $1B by dilemma on Thursday March 16, 2017 @05:23AM (#13883639)
>Pretty sweet deal if your stock price doesn't go up and you only have to pay minimal interest.

So Tesla is shorting TSLA?

[ Parent | on HN ]
Re:Tesla to raise $1B by arzt on Thursday March 16, 2017 @10:01AM (#13885039)
Lol, effectively. A convert is basically a forward stock sale, so if you're TSLA you're basically saying "I get a pretty good cost of capital if my stock stays where it is, but if it goes up a lot, my company is probably in better shape than it was before I raised capital, so I'm more or less happy either way."
[ Parent | on HN ]