特斯拉再贷5.46亿美元:以汽车租赁为担保

#科技头条#【特斯拉再贷5.46亿美元:以汽车租赁为担保】据外媒报道,特斯拉目前正用汽车租赁为担保,贷款5.46亿美元。本次发行的汽车资产抵押债券(ABS)是以Model S和Model X汽车客户的租赁付款为担保,这也是特斯拉首次涉足汽车证券化市场,以应对汽车和能源业务的大笔资金需求。

Tesla is using its car leases as collateral for a big $546 million loan as it turns to debt markets to raise additional cash to combat the blistering burn rate of its auto and energy business, according to multiple reports.

The bonds are pegged to leases of its Model S and X cars, and it marks the first time that Elon’s electric albatross has turned to asset backed securities for new money(Tesla has already tapped public markets, junk bond markets, and convertible-bonds to get additional capital).

All of this is driven by the company’s scorching burn rate. A report from Bloombergciting Barclays Plc analyst Brian Johnson said Tesla could spend $4.2 billion this year.

Tesla’s cash crunch can be blamed on the company’s continued delays and cost overruns associated with the production of the Model 3, Tesla’s low-end electric vehicle (priced to sell at $35,000).

Investors in Tesla’s asset-backed bonds make money off of the lease payments of the vehicles and then on the resale value of the car. According to Bloomberg some analysts have cautioned that the EVs might not have the same high resale value as cars, noting there’s not much of a track record for reselling EVs.

While this may be Tesla’s first push into asset backed securities, it’s not the only non-traditional path Musk has pursued to raise cash for his businesses.

The Boring Co., his other other business which plans to build tunnels under cities to move more cars around, sold $20 million dollars worth of flamethrowers roofing torches.

https://techcrunch.com/2018/02/01/tesla-uses-auto-leases-to-raise-546-million-in-asset-backed-securities/


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