After Stock Split, Tesla’s Share-Sale Plans Boost Bonds

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The latest beneficiaries of Tesla Inc.’s surging shares: bondholders.

Prices for Tesla’s traditional bond due in 2025 reached a record 104.36 cents on the dollar Tuesday, according to MarketAxess, after the electric-car maker said it would sell up to $5 billion in stock, bolstering its balance sheet after a 5-for-1 stock split Monday.

That…

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