Moody's says that Tesla's (TSLA) creditworthiness still "strained"

NASDAQ: TSLA | Tesla, Inc. News, Ratings, and Charts

TSLA – Tesla Inc.’s creditworthiness still faces “meaningful pressures” even though the company reached some of its Model 3 goals and repaid debt on time.

Tesla Inc.’s TSLA, -4.68% creditworthiness still faces “meaningful pressures” even though the company reached some of its Model 3 goals and repaid debt on time, Moody’s Investors Service said in a note Friday. “Tesla is challenged internally by ongoing operational missteps and strategy reversals over a short time period,” the credit ratings agency said in a note Friday. Other car makers have stepped up electric-vehicle investments and the original business model for the Model 3 of high volume production and a low price is proving difficult to achieve, Moody’s said. The strategy reversals, which include backtracking on its decision to close stores, show management shortcomings, Moody’s said. Tesla shares lost nearly 4% on Friday and are down 14% in the past 12 months, contrasting with 2.6% gains for the S&P 500 index. SPX, +0.68% Moody’s rates Tesla debt B3, putting it in the junk category.


Tesla Inc. shares were trading at $278.56 per share on Friday afternoon, down $11.40 (-3.93%). Year-to-date, TSLA has declined -16.30%, versus a 12.82% rise in the benchmark S&P 500 index during the same period.

TSLA currently has a StockNews.com POWR Rating of D (Sell), and is ranked #14 of 25 stocks in the Auto & Vehicle Manufacturers category.


This article is brought to you courtesy of MarketWatch.

9 "Must Own" Growth Stocks For 2019

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!

Top Stories on StockNews.com

NYSE: DIS | Walt Disney Company (The) Common Stock News, Ratings, and Charts

Disney's (DIS) new live-action film, Aladdin, expected to make $80 million this weekend

The live-action “Aladdin” film starring Will Smith is expected to lead the box office over the Memorial Day holiday weekend.
NYSE: SQ | Square, Inc. Class A Common Stock News, Ratings, and Charts

Is Square (SQ) stock a good buy at this price level?

SQ stock now trades for just $65.
NYSE: F | Ford Motor Company Common Stock News, Ratings, and Charts

Is it possible Ford (F) would buy Tesla (TSLA)

Making a deal work would be a challenge.
NASDAQ: CVCO | Cavco Industries, Inc. News, Ratings, and Charts

Best & Worst Performing Stock Industries for May 24, 2019

Led by ticker CVCO, "Homebuilders" was our best performing stock industry of the day, with a 2.60% gain.
NYSE: EMES | Emerge Energy Services LP Common Units representing Limited Partner Interests News, Ratings, and Charts

Best & Worst Performing Small Cap Stocks for May 24, 2019

EMES leads the way today as the best performing small cap stock, closing up 76.47%.

Read More Stories


More Tesla, Inc. (TSLA) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All TSLA News
Page generated in 1.005 seconds.