S&P Throws Tesla's Surging Shares on the Junk Heap

Tesla Model X Photograph by Tim Rue/Bloomberg

Tesla may have stellar crash ratings, but the company’s financial safety is only about as dependable as that of Venezuela. That’s the assessment of Standard & Poor’s, which just slapped a “B-” credit rating on the carmaker and put Elon Musk’s baby in the same “junk” grade as struggling sovereign lenders and crisis-wracked companies.

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