Jan 29, 2019

Tesla stock has 4 weeks to rally before a big bond is due

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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Scott Rosenberg

10 mins ago - Technology

Facebook employees stage "virtual walkout"

Illustration: Sarah Grillo/Axios

"Dozens" of Facebook employees staged a "virtual walkout" Monday over the company's decision not to take action against President Trump's provocative messages in the face of nationwide protests against police violence, the New York Times reports.

Why it matters: While Twitter added fact-check labels and hid the president's most inflammatory tweet — "when the looting starts, the shooting starts" — Facebook has said Trump's statements do not violate its policies, and that the platform aims to promote free speech.

This story is developing. Please check back for updates.

Axios

Updated 13 mins ago - Politics & Policy

Trump lashes out at governors, urges them to "dominate" protesters

President Trump berated the nation’s governors in a video teleconference call Monday, calling many of them "weak" and demanding tougher crackdowns on the protests that erupted throughout the country following the killing of George Floyd, according to multiple reports.

The big picture: Trump blamed violence on the "the radical left" and told the governors, who were joined by law enforcement and national security officials, that they have to "dominate" protesters and "arrest people" in order to bring an end to the unrest.

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Axios

Updated 14 mins ago - Politics & Policy

Coronavirus dashboard

Photo Illustration: Sarah Grillo/Axios. Photos: Noam Galai, Jamie McCarthy, Josep Lago/AFP, Alfredo Estrella/AFP, and Narayan Maharjan/NurPhoto, all via Getty Images

Global: Total confirmed cases as of 12:30 p.m. ET: 6,206,773 — Total deaths: 372,752 — Total recoveries — 2,661,643 — Map.
U.S.: Total confirmed cases as of 12:30 p.m. ET: 1,793,780 — Total deaths: 104,3450 — Total recoveries: 444,758 — Total tested: 16,936,891 — Map.
Public health: Fauci says“My meetings with the president have been dramatically decreased” — Coronavirus looms over George Floyd protests across the country.
Climate: Your guide to comparing climate change and coronavirus.
Economy: A busy week for IPOs despite upheaval from protests and pandemic.
World: Former FDA commissioner says "this is not the time" to cut ties with WHO.

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