Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Moody's downgrades Tesla's credit rating over Model 3 delays
short by Aditi Verma / on Wednesday, 28 March, 2018
Credit rating agency Moody's has downgraded American electric carmaker Tesla's credit rating, citing a shortfall in the production rate of the company's Model 3 car. The company also faces liquidity pressures due to its large negative free cash flow, Moody's said. The agency also changed Elon Musk-led firm's outlook to Negative from Stable.
read more at Bloomberg