Big league: A Tesla dealership in California. Moody’s boosted Tesla to the highest junk rating, citing improving profitability and business-scale prospects. — Bloomberg
TEXAS: Moody’s Investors Service Inc’s move to ramp up Tesla Inc’s credit rating to the cusp of investment grade is bolstering expectations that the famous electric vehicle maker will secure blue-chip status as soon as early next year.
The agency boosted Tesla by two notches to the highest junk rating of Ba1 on Monday, citing improving profitability and business-scale prospects.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
