S & P sets Tesla's credit rating to B-
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.
Shares in Tesla have risen 41 percent this year.