Tesla's Skid Could Spin Out Of Control

Investing.com - Tesla (NASDAQ:TSLA) may be headed toward a vicious circle,As it stock sinks, worry grows about its ability to refinance.As worry grows about its refinancing, the stock slides further.Tesla shares just suffered their largest monthly loss since going public 7-plus years ago. The 22% slide came on a world of worry: a fatal crash involving a Tesla vehicle; a shortfall in the model 3 sedan production rate, a recall of some model S vehicles; and a credit downgrade by Moody's.Tesla, which has a high cash burn rate, has tens of millions of dollars of debt maturing in the next year. The question becomes whether Tesla can take on new debt at an attractive price.Moody's says Tesla faces "liquidity pressures", while Morgan Stanley (NYSE:MS) says a "fall in the share price can take on a self-fulfilling nature that further exacerbates the volatility of the share price".