Moody’s downgraded Tesla’s debt from stable to negative after a Tesla Model X crashed into a concrete highway divider while Autopilot was in use, killing the driver last month.
Tesla says all its vehicles “have the hardware needed for full self-driving capability at a safety level substantially greater than that of a human driver.” Investors seem to have reassessed the recent bad news as shares jumped more than 24 percent.
“Tesla will rise or fall based on the performance, safety, design and value of its cars. If it gets those things right, all the other issues will sort themselves out. Tesla has already defied skeptics and attracted legions of die-hard fans by surmounting seemingly impossible odds to build all-electric cars that have drawn lavish praise from automotive critics.”
Read the article at The New York Times.
