Moody's downgrades Tesla credit rating on Model 3 production delays

Moody's downgrades Tesla credit rating on Model 3 production delays

6 years ago
Anonymous $gIi3-PxxKB

https://www.cnbc.com/2018/03/27/moodys-downgrades-tesla-credit-rating-on-model-3-production-delays.html

Moody's downgraded Tesla's credit ratings Tuesday and changed its outlook to negative from stable, citing "significant shortfall" in the Model 3 production rate and a tight financial situation.

The credit ratings agency also said the electric car maker will likely need to raise more money in the near future to meet its cash needs and maintain its expected pace of expansion.