Standard Poors has hit Tesla with an undesirable, junk level rating. They handed them an unsolicited corporate credit rating of a B-, calling the electric car manufacturer vulnerable. They went on to say Tesla has a “narrow product focus [and] concentrated production footprint,” a short track record, and little visibility into the future market of its cars. Comparing it to other automotive manufacturers, SP said Tesla was small scale. Ouch, SP. That one has got to hurt. While they might be small scale to the SP, Tesla has a $26 billion market cap.
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