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Tesla (NASDAQ: TSLA) today settled a convertible bond of $ 920 million in cash, CNBC reports.
This became the case as the notes expired today at the conversion price of 359.87 USD / share and that Tesla did not exceed 359 USD in weeks.
The company had preferred to pay in half stock. Earlier this week, the company reiterated comments from its fourth quarter letter to shareholders, noting that it had enough cash to pay for this convertible bond in cash.
stock fell 7.8% today after yesterday 's revelation of a model 3 of 35,000 USD and comments from CEO Elon Musk that he does not expect a profit for the first quarter.
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