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Junk bonds issued by Elon Musk's electric-car maker hit their lowest price ever on Tuesday morning.
The company's $920 million worth of bonds set to come due on March 1 will be the company's largest debt payment ever.
Tesla has $920 million of convertible notes due in March. The company informed holders last week that they could receive a 50-50 mix of cash and equity for the notes.
Wall Street’s convinced Tesla will need to raise more cash, and has some theories about how and when that may happen
With its future more in question than possibly ever before, Wall Street analysts are theorizing how Tesla's path to profitability could play out.
Goldman Sachs' price target of $210 is half of CEO Elon Musk's $420 price target he tweeted in August that kicked off a 16-day go-private bid which resulted in an SEC investigation, subpoena, and a slew of investor lawsuits.