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>Pretty sweet deal if your stock price doesn't go up and you only have to pay minimal interest.

So Tesla is shorting TSLA?



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."




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