http://www.bloomberg.com/news/2014-05-27/tesla-gets-unsolicited-junk-grade-from-s-p-on-niche-position.html

Tesla Gets Unsolicited S&P Junk Rating on ‘Niche’ Position
By Matt Robinson May 28, 2014 6:30 AM GMT+0800

Tesla Motors Inc. (TSLA), the electric-car company whose stock climbed fourfold last year, was slapped with a junk credit rating by Standard & Poor’s because of “considerable uncertainty” about its long-term prospects.

The unsolicited B- ranking, six levels below investment grade, reflects a business “constrained by Tesla’s niche and independent market position,” S&P, the world’s largest credit-rating company, said today in a statement. Palo Alto, California-based Tesla has a smaller scale relative to peers, a narrower product focus, and limited demand for its products, said S&P, which said its outlook on the rating is “stable.”
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