Spoiled for choice

7 August 2017 By Tom Buerkle

The electric-car maker’s CEO is using $1.5 bln of debt to fund ramping up production of the Model 3. Diluting its overvalued shares by just 3 pct would have done the trick at less risk. But the money is cheap. And bondholders don’t need stockholders’ faith in Musk to be paid back.

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