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Investors in Tesla bonds, options show scepticism on buyout

Business Finance

Reuters  |  NEW YORK 

By Kate Duguid and Saqib Iqbal AhmedNEW YORK (Reuters) - Investors in the debt and in the equity options of electric carmaker Tesla are betting the take-private deal described by Chief Executive Elon Musk will not materialize. Like its stock price, Tesla bonds have given up all of the gains they made after Musk shocked investors with a tweet on Aug. 7, saying he had "funding secured" for a possible buyout deal at $420 per share.This suggests the credit market has scaled back the chances of a deal, and data showed activity on the equities options market also indicates those investors also are ...

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First Published: Thu, August 23 2018. 02:28 IST