Moody’s upgrades Tesla’s credit rating, declares outlook stable

Moody’s Investors Service assigned a Baa3 long-term issuer rating to Tesla and withdrew the Ba1 corporate family rating, the Ba1-PD probability of default rating, as well as the SGL-1 speculative grade liquidity rating. The outlook is stable. The rating action reflects Moody’s expectation that "Tesla will remain one of the foremost manufacturers of battery electric vehicles with an expanding global presence and very high profitability." The upgrade also incorporates governance considerations, including Tesla’s prudent financial policy and management’s operational track record. Reference Link