TradingKey –Â This Friday, Tesla (NASDAQ: TSLA) has substantial liquidity and a new credit rating. Fitch rates Tesla’s creditworthiness for the first time at BBB with a stable outlook. According to Fitch, Tesla’s position in the EV market, as well as the company’s cash and liquidity, help support the rating. Additionally, Fitch cited Tesla’s business strategy to expand into AI and other related hardware.
Fitch’s BBB Rating Supports the Balance-Sheet Story
Fitch’s rating also means that Tesla has its first official investment-grade rating from Fitch, but not its first official investment-grade rating from any of the major credit agencies.
As of the end of the second quarter, Tesla reported cash, cash equivalents and short-term investments…
