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With all the money they are borrowing, some lender is eventually going to say “no”. A reduced credit rating just means, “we don’t think they can service more de
by manicdee 9y ago
With all the money they are borrowing, some lender is eventually going to say “no”. A reduced credit rating just means, “we don’t think they can service more debt.” The credit rating doesn’t mean that there is significant risk to current creditors.
Moody’s rating is also based on naive fresh faced belief in aspirational targets as accurate forecasts.
We will see if Tesla meets their revised targets. My interest in the company is as a reservation holder, and all I really care about is that they stay afloat. I am not an investor looking for incredible returns on overvalued stock.