Liam Denning, Columnist

Behold the Sheer Artistry of Tesla's Bond

How can a company burning so much cash borrow so cheaply?

August 11, 2017 at 7:38 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

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You might think that when someone issues bonds, it's all about money.

Except Tesla Inc.'s debut in the high-yield bond market means so much more than that. As of Friday afternoon in New York, it was reported to be a $1.8 billion issue.