Tesla’s debt rating moves closer to ‘investment grade’ following S&P boost

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Tesla (NASDAQ: TSLA) had its debt ratings raised by the S&P Global Ratings on Monday from B+ to BB-. As a result, the electric automaker sits just two notches from “investment grade” ratings. According to spglobal.com, the BB rating is “less vulnerable in the near-term but faces major ongoing uncertainties to adverse business, financial and economic conditions.” […]

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