Investors Are Beginning To Realize Tesla Is Standing On Shaky Ground
Wall Street investors are growing weary of Tesla as the electric vehicle maker's bond prices have tumbled since the company issued a massive bond sale in July to finance production on the Model 3. Tesla's bond prices fell 2 percent Monday as investors start having second thoughts about the health of the Silicon Valley company's finances. The automaker debut in the junk-bond market in early August, which is typically relegated for companies with poor credit.