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“This is one of the worst income statements I’ve ever seen and between the story and the financials, the financials will win out in this case.”
originally posted by: Edumakated
What can be more well rounded than a four door sedan? An SUV is about as well rounded as you can get spanking a lambo that requires you to be a yoga master to get in the car.
Blistering acceleration is the performance that is most useful on the public road. I ride motorcycles and it is the one thing that keeps me safe is being able to out run most cars. It isn't about speeding, but being able to pass quickly. For example, being able to accelerate hard from 40-75 to pass an 18 wheeler quicker is safer.
Tesla Inc.’s credit rating was downgraded by Moody’s Investors Service on Tuesday as the electric car company burns through cash, fails to meet production expectations and may soon have to raise more than $2 billion.
Moody’s cut Tesla’s overall rating to B3, or six levels below investment grade, from B2 and said its outlook on the company is negative. Tesla’s $1.8 billion of senior unsecured notes, issued in August, were downgraded to Caa1, seven steps into junk, from B3.
“Tesla’s ratings reflect the significant shortfall in the production rate of the company’s Model 3 electric vehicle,” Moody’s analyst Bruce Clark said in the report. “The company also faces liquidity pressures due to its large negative free cash flow and the pending maturities.”
Walter Huang's family tells Dan Noyes he took his Tesla to the dealer, complaining that -- on multiple occasions -- the auto-pilot veered toward that same barrier -- the one his Model X hit on Friday when he died.