| How to actually purchase Tesla bonds? |
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fultonm0
First Time Poster
Cash: $ 0.25
Posts: 1
Joined: 21 Aug 2017
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| How to actually purchase Tesla bonds? |
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Hi, I am a new individual investor. I've been reading about Tesla bonds and I guess you can say I'm more of an EV fanatic than an investor, and I'm having trouble finding where to actually purchase the said bond. I contacted my main broker Fidelity and they do not currently offer the bonds at all. So if Tesla sold 2B of these things where can I get mine? Fidelity suggested purchasing them directly from Tesla, but I don't see anything on ir.tesla.com to do so.
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Mon Aug 21, 2017 6:51 pm |
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oldguy
Senior Member
Cash: $ 751.85
Posts: 3656
Joined: 21 May 2006
Location: arizona
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[/quote]Tesla issued $1.8 billion in eight-year bonds at a 5.30% coupon, a rate seen as quite low given the bonds were rated junk by multiple agencies.
https://seekingalpha.com/article/4100675-tesla-bonds-poor-start quote:
Quite a few fund brokers avoid trading "Junk" bonds, their fear is that investors will buy them w/o understanding the risk - and then they blame the broker (sue) for selling junk. The same applies to corn futures, derivatives, penny stocks, yada. Eg, Edward Jones won't deal in futures.
You may have better luck with full-service brokers such as Merrill or Schwab - the commission will be higher (to compensates them for the extra risk).
Or, you could buy Tesla Stock (TSLA), they are traded online on the NASDAQ.
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Mon Aug 21, 2017 8:12 pm |
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