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Tesla stock and bonds tumble as investors fret about costs and safety

Reuters Monday, 20 May 2019
Tesla's stock and bonds tumbled on Monday as investors worried about the automaker's cash burn and problems with an Autopilot system that CEO Elon Musk has held out as key to the electric car maker's future.
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News video: Tesla Investors Demand Return

Tesla Investors Demand Return 00:38

On Tuesday Tesla junk bonds hit a new record low price as the company's stock price also plummeted. Business Insider reports the company's 2025 notes were trading at $82.012 with a yield of 9.18%, according to data from Bloomberg. Credit-default swaps, products that allow traders to protect against a...

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