Tesla stock assigned 'junk' credit rating by Standard & Poor's
A Tesla car on an assembly line at the factory in Tilburg (AFP)

Tesla Stock Assigned “Junk” Status By Standard & Poor (via Gas 2.0)


After analyzing its potential for default, Standard & Poor's, has designated Tesla stock as a B-, or “junk” rating. That’s the same S&P  that assigned “AAA” credit ratings to bundles of sub-prime loans that helped crater the economy in 2008…