A Tesla factory in California. Photo: Mason Trinca for The Washington Post via Getty Images

Tesla has a $920 million debt coming due March 1 from bonds issued in 2014, which can be paid if the electric automaker uses a mix of cash and stock — but that would require Tesla shares to jump about 21% from their current level, Bloomberg reports.

The big picture: Tesla's stock is known for wild fluctuations — Saudi Arabia hedged its significant stake this week — so Bloomberg notes that it's conceivable that it could hit the 21% milestone over the short time frame. And CEO Elon Musk is set to report the company's fourth-quarter warnings on Wednesday, which could be the spark it needs.

Editor's Note: This story has been corrected to note that $920 million is due. The original story said $920 billion. Axios regrets the error.

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Americans feel Trump's sickness makes him harder to trustFlorida breaks record for in-person early voting — McConnell urges White House not to strike stimulus deal before election — Republican senators defend Fauci as Trump escalates attacks.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots — University of Michigan students ordered to shelter-in-place.
  4. World: Ireland moving back into lockdown — Argentina becomes 5th country to report 1 million infections.

Biden enters final stretch with huge cash advantage over Trump

Democratic presidential nominee Joe Biden in Wilmington, Delaware, on Monday. Photo: Drew Angerer/Getty Images

Democratic presidential nominee Joe Biden had $177.3 million in the bank at the end of September, per the latest Federal Election Commission filings.

Why it matters: President Trump's re-election campaign reported having $63.1 million in the bank at the end of last month.

Editor's note: This is a developing news story. Please check back for updates.

Court allows North Carolina mail-in ballots deadline extension

An absentee ballot election worker stuffs ballot applications at the Mecklenburg County Board of Elections office in Charlotte, North Carolina, in September. Photo: Logan Cyrus/AFP via Getty Images

North Carolina can accept absentee ballots that are postmarked Nov. 3 on Election Day until Nov. 12, a federal appeals court decided Tuesday in a 12-3 majority ruling.

Why it matters: The 4th Circuit Court of Appeals' ruling against state and national Republican leaders settles a lawsuit brought by a group representing retirees, and it could see scores of additional votes counted in the key battleground state.