Moody’s confirmed in a note that Tesla’s outlook remains positive and that the company will continue to rapidly scale up its scale and significantly improve its profitability.
see photosMoody’s confirmed in a note that Tesla’s outlook remains positive.
Moody’s on Monday raised Tesla Inc’s debt rating by two places from “Ba3” to “Ba1”, reflecting the ratings agency’s hopes that the Elon Musk-led company will maintain its position as the leading battery electric vehicle maker. . Moody’s confirmed in a note that Tesla’s outlook remains positive and that the company will continue to rapidly scale up its scale and significantly improve its profitability.
Tesla’s fiscal policy is likely to be prudent and liquidity will remain very good, Moody’s said, adding that more competitive offerings of battery electric vehicles by other automakers could begin to put some pressure on the company’s margins in 2023.
In January, Tesla reported record quarterly deliveries that far exceeded Wall Street estimates, riding a global chip shortage as it ramped up production in China. This was the sixth consecutive quarter that the world’s most valuable automaker recorded record deliveries.
The rating agency also estimated that Tesla will deliver around 1.4 million vehicles in 2022, up from about 936,000 in 2021.
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