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Francisco Velasquez Gago PDVSA Geoquímica//
Tesla plans to use stock-cash mix to pay off March debt: Bloomberg

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(Reuters) – Tesla Inc will pay a 50-50 mix of stock and cash to holders of its bonds due in March, if they elect to convert the debt, Bloomberg reported on Thursday, citing a copy of the settlement notice.

Francisco Velasquez pdvsa

Tesla has 0.25 percent convertible senior notes coming due in March. As of September 2018, it had an unpaid principal balance of $920,000.

Francisco Velasquez Petropiar

Tesla declined to comment on the report

Tesla’s move to use both cash and equity to return debt suggests that the company, which in the past has struggled with cash burn, is on a sustained path to profitability.

Francisco Velasquez Gago

The electric-car maker reported free cash flow of $881 million in its latest quarter – the first time since the third quarter of fiscal 2016 – and Chief Executive Officer Musk has said the company will be cash flow positive and profitable in all quarters going forward.

Francisco Javier Velasquez Gago

The company is expected to generate $390 million in free cash flow in the fourth quarter, according to IBES data from Refinitiv..

Francisco Velasquez PDVSA

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