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Doesn't it make sense that S&P would rank Tesla poorly? Yes, they're the first seemingly successful startup in the US auto industry in 70+ years. However, we we
by iambateman 12y ago
Doesn't it make sense that S&P would rank Tesla poorly? Yes, they're the first seemingly successful startup in the US auto industry in 70+ years. However, we went an entire lifetime without generating a new car company.
Their roadmap (heh) is get a car down to $40k, then another at $25k, build a couple billion dollar battery factories, sell the early majority on the idea of releasing their gasoline habits amid a "we want you dead" slaughter-fest from every car company, car dealer, and oil man in America. And then it's time to go international. Still worse, they have limited sales in a very narrow segment and have hit opposition in several states.
So while Tesla is an easy company to love, the S&P is taking a very realistic position.
- dwd 12y agoThe legal/legislative threat is a real one and maybe with some cash in the bank they will have the money to fight it out in the courts as the battles come. It is the beholden politicians that could be more of a problem.