S & P sets Tesla's credit rating to B-

in hardware on 2014-05-28 11:04 (#3N1)

The upcoming car manufacturer received an unsolicited B- credit rating from Standard & Poor due to "considerable uncertainty" about its long-term prospects. The rating, six levels below investment grade, was derived independently of Tesla and comes after over $2.3 billion was successfully raised by the company in March to fund a new battery factory.

Shares in Tesla have risen 41 percent this year.

Huh? (Score: 2, Insightful)

by dotdotdot@pipedot.org on 2014-05-28 12:45 (#1XY)

Compared with larger, more established automakers, the company is less likely "to successfully adapt to competitive and technological displacement risks over the medium to long term," [S&P analysts Nishit Madlani, Dan Picciotto and Joseph Lin wrote in the report].

With Elon Musk leading the company, seems to me that the opposite would be true.