What’s a CTO? And Why Was Tesla Granted One The Day Before It Increased Its Credit Line? We Explain All

Last week, Tesla was granted the latest in a series of CTOs from the Securities and Exchanges Commission. Happening one day before Tesla increased its Securities Backed Line of Credit, it may have looked to the uninformed layperson that something terrible might be happening at the Californian company.

But as is often the case with industry-specific acronyms, there’s a perfectly benign reason Tesla applied for the CTO, and its granting one day before Tesla extended its lines of credit is purely coincidental.

Watch the video above as we explain what the likely reasons for Tesla’s latest CTO are, as well as an explanation of why it is finding itself borrowing more money… and why you shouldn’t worry about either.

Don’t forget to subscribe to our YouTube channel, and support our show through Patreon.

______________________________________

Want to keep up with the latest news in evolving transport? Don’t forget to follow Transport Evolved on Twitter, like us on Facebook and G+, and subscribe to our YouTube channel.

You can also support us directly as a monthly supporting member by visiting Patreon.com.

Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedInDigg thisShare on RedditEmail this to someonePin on Pinterest

Related News