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.
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