Tesla Stock Upgraded To Investment Grade By S&P Global

. Before the change, Tesla was still considered a “junk bond” by S&P and other investment rating services, although the automaker delivered two years’ straight worth of profits with a cash position of more than $18 billion to date.

S&P Global Ratings said that the company’s credit profile has improved due to its continuingly dominant position in the EV industry. Noting the company’s cash flow and increased production capacity with Tesla’s newly opened Giga Berlin and Texas locations, the investment rating index says continued leadership in the market makes it officially investment-grade.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

U.S. stocks open higher after 3 days of losses as investors await inflation data, Fed minutes and earningsU.S. stocks open mostly higher on Monday, with the S&P 500 and Dow Jones Industrial Average on track to snap a three-session losing streak that culminated... StrikeX TradeStrikeBVI
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

U.S. stocks open near 2-year lows as major indexes on track for 5th day of lossesU.S. stocks opened lower on Tuesday, raising the possibility of a fifth day in the red as the Nasdaq and S&P 500 traded near their lowest intraday levels in... Remember when gas was down 99 days in a row! While are you ready for the up swing? It’s started! ⬆️
La source: MarketWatch - 🏆 3. / 97 Lire la suite »