Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Tesla stock now blue-chip after credit upgrade By: FOX Business March 21, 2023 at 15:12 PM EDT Tesla stock has been promoted to blue chip status after Moody’s upgraded its rating of the electric vehicle maker. Tesla is now a blue-chip stock. Moody’s Investors Service assigned a ‘Baa3’ long-term issuer rating on Monday to the electric vehicle and clean energy company. The bond ratings agency also withdrew the company's ‘Ba1’ corporate family rating.‘Baa3’ is Moody's lowest investment grade rating. ‘Ba1’ is the agency's highest speculative grade rating."The rating action reflects expectation that Tesla will remain one of the foremost manufacturers of battery electric vehicles with an expanding global presence and very high profitability," Moody's said in a statement.A large, valuable company that is well-established is considered blue-chip. Other blue-chip stocks include American Express, Boeing and Nike. TESLA HIT WITH ANTITRUST CLASS ACTION LAWSUITS OVER MONOPOLIZATION OF REPAIRS, REPLACEMENT PARTS"The upgrade also incorporates governance considerations, including Tesla's prudent financial policy and management's operational track record," the statement added. Moody’s said Tesla should deliver approximately 1.8 million vehicles around the world in 2023, representing a 34% improvement from 2022, while citing "considerable investments" in new vehicle and battery production as enabling a "steep increase" in global deliveries. ELON MUSK BANKS ALMOST $12B OF TESLA MONEY IN SEVEN DAYSIncluding the company’s Cybertruck, Moody’s also highlighted the expansion of Tesla’s product lineup.The upgrade comes in the wake of antitrust class action lawsuits over the monopolization of repairs and replacement parts filed in a federal court in San Francisco last week. The charges say Tesla knowingly designs its cars to discourage owners from doing repairs themselves.CLICK HERE TO READ MORE ON FOX BUSINESS Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Tesla stock now blue-chip after credit upgrade By: FOX Business March 21, 2023 at 15:12 PM EDT Tesla stock has been promoted to blue chip status after Moody’s upgraded its rating of the electric vehicle maker. Tesla is now a blue-chip stock. Moody’s Investors Service assigned a ‘Baa3’ long-term issuer rating on Monday to the electric vehicle and clean energy company. The bond ratings agency also withdrew the company's ‘Ba1’ corporate family rating.‘Baa3’ is Moody's lowest investment grade rating. ‘Ba1’ is the agency's highest speculative grade rating."The rating action reflects expectation that Tesla will remain one of the foremost manufacturers of battery electric vehicles with an expanding global presence and very high profitability," Moody's said in a statement.A large, valuable company that is well-established is considered blue-chip. Other blue-chip stocks include American Express, Boeing and Nike. TESLA HIT WITH ANTITRUST CLASS ACTION LAWSUITS OVER MONOPOLIZATION OF REPAIRS, REPLACEMENT PARTS"The upgrade also incorporates governance considerations, including Tesla's prudent financial policy and management's operational track record," the statement added. Moody’s said Tesla should deliver approximately 1.8 million vehicles around the world in 2023, representing a 34% improvement from 2022, while citing "considerable investments" in new vehicle and battery production as enabling a "steep increase" in global deliveries. ELON MUSK BANKS ALMOST $12B OF TESLA MONEY IN SEVEN DAYSIncluding the company’s Cybertruck, Moody’s also highlighted the expansion of Tesla’s product lineup.The upgrade comes in the wake of antitrust class action lawsuits over the monopolization of repairs and replacement parts filed in a federal court in San Francisco last week. The charges say Tesla knowingly designs its cars to discourage owners from doing repairs themselves.CLICK HERE TO READ MORE ON FOX BUSINESS