Tesla (TSLA)-Update On The 0.25% and 1.25% Senior Convertible Notes

With Tesla (TSLA) common trading around 245, we used prices of 96 1/4 and 95 1/2 on the 0.25% and 1.25%, respectively.  These have been among our highest-ranking bonds on our HOCS (Hillside Overall Convertible Score) rating system. Currently the 0.25% land at 75 Overall/79 Growth/68 Safety and the 1.25%, which we prefer, score 78/85/63.  Both are excellent scores, rewarding the bonds for their distinctive blends of market capitalization, hybrid price point, volatility and growth potential.