S&P has some positives to say about the company - but it is “vulnerable”, with narrow
product range - Morgan Stanley slashes electric car forecast, but backs Tesla
Tesla Motors investors, used to seeing their shares soar to amazing highs, took another hit as ratings agency
Standard & Poors (S&P) gave its financial profile “junk” status.
This came after the shares took an earlier hit from worries about progress on Tesla’s so-called “giga”
The “junk” label is in fact a S&P “B-“ rating, but this is US media shorthand for anything
below a “B”.
Companies are given junk-bond ratings when investors fear an increased possibility of default.
In fact, S&P said it expects Tesla to sustain its recent improvement in profit margins over the next 12 months
because of strong demand for the Model S...more
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