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

What’s a CTO? And Why Was Tesla Granted One The Day Before It Increased Its Credit Line? We Explain All 1024 683 C-Suite Network

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…

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