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Benzinga
Benzinga
Business
Shanthi Rexaline

Why Elon Musk Isn't Bothered About Tesla's Junk Credit Rating

Elon Musk Nasdaq

Tesla, Inc.'s (NASDAQ:TSLA) credit rating is below investment grade, which, in other words, is referred to as junk or non-investible.

A Twitter user shared a screenshot of the summary of ratings of large-cap companies by both Moody's and S&P. The former has a Ba1 rating for Tesla and the latter has BB+ rating, both of which denote junk ratings.

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