Tag: downgrades

By on October 8, 2016

Tesla Model 3 Prototype on road, Image: Tesla Motors

The brief uptick in share price Tesla enjoyed after beating production estimates this week was swiftly erased by a newly critical Goldman Sachs Group.

The investment bank downgraded the company on Thursday, sending its stock back down the hillside, Bloomberg reports. It’s bad news for CEO Elon Musk’s fundraising plans. (Read More…)

By on February 12, 2014

2014 Fiat 500L Exterior, Picture Courtesy of Alex L. Dykes

Citing weak results in 2013 and guidance challenges for 2014, investment ratings agency Moody’s has cut Fiat’s rating from B3a to B1, four notches below investment grade.

(Read More…)

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