The latest beneficiaries of Tesla Inc.’s surging shares: bondholders. Prices for Tesla’s traditional bond due in 2025 reached a record 104.36 cents on the dollar Tuesday, according to MarketAxess, after the electric-car maker said it would sell up to $5 billion in stock, bolstering its balance sheet after a 5-for-1 stock split Monday.

Source: Wall Street Journal September 02, 2020 12:13 UTC