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 S&P has some positives to say about the company - but it is “vulnerable”, with narrow product range - Morgan Stanley slashes electric car forecast, but backs Tesla Tesla Motors investors, used to seeing their shares soar to amazing highs, took another hit as ratings agency Standard & Poors (S&P) gave its financial profile “junk” status. This came after the shares took an earlier hit from worries about progress on Tesla’s so-called “giga” battery factory. The “junk” label is in fact a S&P “B-“ rating, but this is US media shorthand for anything below a “B”. Companies are given junk-bond ratings when investors fear an increased possibility of default. In fact, S&P said it expects Tesla to sustain its recent improvement in profit margins over the next 12 months because of strong demand for the Model S...more BMW expected to continue hot profit streak 15 May 2014 > STOCK MARKET VIEW | Peugeot - Lion scratching for food 30 Jan 2014 > STOCK MARKET VIEW | Lame recovery replaces European slump 03 Mar 2014 |
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