Tesla Debt Is No Longer Junk-Rated By Moody's After It Upgrades Elon Musk's Carmaker

21 Mar 2023 | Abstracted from Markets Insider

The "carmaker's dominance of the EV market and its efforts to keep costs low have boosted its ability to repay its debts...The rating action reflects Moody's expectation that Tesla will remain one of the foremost manufacturers of battery electric vehicles with an expanding global presence and very high profitability

"Musk has set a goal of cutting the cost of building some Tesla models by 50%...Fitch Ratings...doesn't currently issue a rating for Tesla, meaning its bonds still aren't universally considered to be investment grade."

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