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2018-09-11 — cnn.com
The action in the bond market signals mounting worry about the high-wire act at Tesla. Elon Musk is scrambling to ramp up Model 3 production fast enough to turn a profit -- and use that money for looming debt payments.
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More than $9 billion of Tesla's debt is scheduled to mature before 2025, including a total of $2.7 billion this year and next, according to a Goldman Sachs research report that called the company's balance sheet "concerning."
"Tesla is extremely leveraged. They have a gun to their heads dictated by the timing of the debt payments," said Cowen's Osborne, who has an "underperform" rating on the stock.
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