Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Moody's expects Tesla to stay at EV leader spot, upgrades to 'Ba1'

Stock MarketsJan 25, 2022 03:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, U.S., April 29, 2016. REUTERS/Lucas Jackson/File Photo

(Reuters) -Moody's upgraded Tesla (NASDAQ:TSLA) Inc's debt rating by two notches to "Ba1" from "Ba3" on Monday, reflecting the ratings agency's expectations that the Elon Musk-led company will maintain its position as the leading battery electric vehicle manufacturer.

Moody's (NYSE:MCO) affirmed in a note that Tesla's outlook remains positive and the company will continue to increase its scale rapidly and improve its profitability notably.

Tesla's financial policy is likely to be prudent and liquidity would remain very good, Moody's said, adding that a more competitive offering of battery electric vehicles by other automakers could start to exert some pressure on the company's margins in 2023.

In January, Tesla reported record quarterly deliveries that far exceeded Wall Street estimates, riding out global chip shortages as it ramped up China production. It was the sixth consecutive quarter that the world's most valuable automaker posted record deliveries.

The ratings agency also anticipated that Tesla will deliver nearly 1.4 million vehicles in 2022, up from about 936,000 in 2021.

Moody's expects Tesla to stay at EV leader spot, upgrades to 'Ba1'
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (5)
Nero Eino
Nero Eino Jan 25, 2022 3:49AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Should stock go up on this news?
Fabrizio Fusaro
Fabrizio Fusaro Jan 25, 2022 3:36AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Ops….https://finance.yahoo.com/news/netflix-inc-moodys-upgrades-netflixs-173517696.html
Fabrizio Fusaro
Fabrizio Fusaro Jan 25, 2022 3:34AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
So from Junk to little bit less then Junk… incredible a 1 trillion company with a B rating
Steven Jacobs
Steven Jacobs Jan 25, 2022 1:13AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
If you bet against tsla in the long run you will lose
Brook Buck
Brook Buck Jan 25, 2022 1:13AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
what about short run?
Paul Lee
Paul Lee Jan 24, 2022 9:59PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Nice to hear this!
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email