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Moody’s expects Tesla to stay at EV leader spot, upgrades to ‘Ba1’ -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO A Tesla logo is seen on a Model S inside a Tesla dealer in New York. This was taken April 29, 2016, U.S.A. REUTERS/Lucas Jackson/File Photo

(Reuters) –Moody’s raised Tesla’s (NASDAQ:) Inc’s credit rating two notches from “Ba3”, Monday. This is in line with the agency’s expectation that Elon Musk’s company will keep its lead as a battery electric vehicle manufacturer.

Moody’s (NYSE 🙂 stated in a note that Tesla’s outlook is positive. The company will increase its scale quickly and make it more profitable.

Moody’s suggested that Tesla’s financial strategy is prudent. The company’s liquidity will remain excellent. Moody’s also stated that Tesla’s margins could be affected by the availability of more electric cars from other manufacturers in 2023.

Tesla posted record quarterly sales in January. This was far more than Wall Street had expected. The company steered clear of global shortages by increasing China’s production. This was the sixth straight quarter of record-breaking deliveries by the world’s largest automaker.

According to the ratings agency, Tesla would deliver almost 1.4 million cars in 2022, compared with 936,000 vehicles in 2021.

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