Tesla's junk bond slammed on car deliveries miss; CDS cost surges $TSLA
FILE PHOTO: A Tesla car is seen in Santa Monica, California, United States, October 23, 2018. REUTERS/Lucy Nicholson/File Photo
Tesla is rated six notches into noninvestment grade, or junk bond, territory by both Moody’s Investors Service and S&P Global Ratings. Both rating agencies have a negative outlook on the company’s debt.
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