 "Elon Musk")
Elon Musk’s run-in with regulators and executive exits have made it all but certain that his electric-car company will have to pay $920 million to bondholders on Friday after Tesla’s stock failed to rise above a critical price level.
Tesla Inc. is on the hook to settle the March 1 convertible bond maturity in cash, the largest debt payment to date in its almost 16-year history. To make some of the payout using stock, the shares would have had to reach a volume-weighted average price of $359.87 for the 20-day trading period that began Jan. 29. The figure was about $306.91
