You're probably right. The mindset is that for a $1,000 stock to increase it needs to go to $2,000, but a $5 stock only needs to go to $10.
Problem is TSLA's P/E is still 1,150.
Even paying off this debt, they might lower the P/E to half that, but still would be 500+. Interesting that insiders have held off on selling stock for debt reduction the past few months until the recent 'split ramp'.
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