Topics

Tesla Motors, Inc.
Tesla Motors given junk credit rating by Standard & Poor's
Tesla Motors given junk credit rating by Standard & Poor's

Tesla Motors Inc., the electric-car company whose stock climbed fourfold last year, was slapped with a junk credit rating by Standard & Poor's because of "considerable uncertainty" about its long-term prospects. The B-minus ranking, six levels below investment grade, reflects a business "constrained by Tesla's niche and independent market position," S&P said. Tesla has a smaller scale relative to peers, a narrower product focus and limited demand for its products, said S&P, which said its outlook on the rating is "stable." The youngest publicly traded U.S. automaker has tapped debt markets without a ranking from any of the major ratings...

Loading