People on Wall Street are unsure if a massive company like Tesla will be able to pay back the debt they owe. Bonds of $1.8 billionare due in August 2025 and on friday they hit a new record low. Trading for 84 cents on the dollar. It went down from being 98 cents just last year.

Experts worry for Tesla. Not to mention that Elon Musk is doing anything possible to get the Model 3 out fast enough, to turn a profit. In hopes to use that money to pay off that enormous debt.

The reason why Tesla had acquired so much debt was to put them self in the forefront at such a rapid pace in the auto industry for electric cars. But even though they may be one of the top companies, other big players such as Mercedes-Benz and Ford are gunning for them.

Tesla’s debt may soon backfire and will look at $9 billion before 2025. Including a total of $2.7 billion this year and next year. So it’s a bit alarming for them as of right now.

It is unclear if Musk will turn a profit or not. Some say, pushing as hard as he is right now will succeed a profit. While others are saying he’s is digging his own grave.

Lately, his actions have not been helping his cause. People concern Musk. He is the face of of his companies as he’s being called a pedophile and smoking a blunt on a podcast. Not to mention, he was claiming on twitter that he would go private selling shares at $420. Musk was placed in an investigation by the SEC after he abandoned this maneuver.

On the 1st of August Musk had said that they plan on paying off the debt. Instead of Refinancing it. He had also put some rumors down by saying Tesla will need to raise cash soon by selling some stocks.

Experts are saying as of right now it’s going to be a uphill battle to raise money until the SEC investigation is over.