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Tesla Reportedly Offers to Repay Debt in Half Cash, Half Stock

Annie Gaus

Tesla has $920 million in debt due to be repaid in March, and it's offering a deal to settle up in a mix of cash and stock. The equity-conversion price for the debt is $359.88 per share, and Tesla was trading at $363.06 as of Thursday's market close. Last quarter, the carmaker reported improved free cash flow and stronger margins, and Musk also reiterated Tesla's aspiration to be profitable every quarter going forward, which might exclude quarters where it has chunks of debt due.