Tesla Raises $40M In Debt. Who Will Fall First, Them Or Ford?

Tesla Motors, after laying off 18 percent of its workforce two weeks ago, founder Elon Musk has raised a $40 million convertible note (as in debt).
Investors have now sunk $186 million into the company and were not willing to ante up for equity.
Of the 1,200 vehicles Tesla has supposedly made, they have only delivered 50.
Until today, Tesla only had $9M left in the bank. Not much working capital for a car manufacturer.
In further news, Tesla’s recently placed suit against Henry Fisker of Fisker Automotive has been ruled in favor of Fisker.
Will this debt round get them out of their rut or will this be the nail in the coffin?