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Bankers are reportedly approaching Tesla as debt payments loom

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Seth Logan
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Tesla CEO Elon Musk.Joe Skipper/Reuters

Bankers are coming to Tesla with financing ideas as debt payments loom, but Tesla officials have indicated that the automaker does not feel the pressure to seek new financing, the Fox Business Network reporter Charles Gasparino reported Tuesday.

Bankers are coming to Tesla with financing ideas as debt payments loom, but Tesla officials have indicated that the automaker does not feel the pressure to seek new financing, the Fox Business Network reporter Charles Gasparino reported Tuesday.

Tesla did not immediately respond to a request for comment.

The automaker has over $1 billion in debt that will come due between November and March.

The automaker has three debt payments that will come due between November and March: a $230 million convertible bond with a conversion price of $560.64 that is due in November, a $157 million non-recourse loan that is due in December, and a $920 million convertible bond with a conversion price of $359.87 that is due in March.

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Seth Logan
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