Social Capital LP's Chamath Palihapitiya pitched Tesla's (TSLA) 2022 convertible bonds to hedge fund managers on Monday as a way they could share in the electric-car company's upside while largely insulating themselves from potential risk. "They pay a reasonable coupon, they have a reasonable conversion price," Palihapitiya told the fund managers at the Sohn 2017 investment conference in New York. "To the average investor, this means that we can buy these converts and we are guaranteed not to lose money as long as Tesla is worth at least $15 billion. Even if the equity goes to zero, we're protected, because as long...