Financial Sector Fed Up With Tesla's Production Issues - Slashes Credit Rating

Tick...tock...tick...tock.

If one looks to the horizon across the long, flat prairie, do we see the bankruptcy train careening down the tracks towards us like a Model X on 'Autopilot' while the driver is watching a 'Shrek' video ?

Now they’re in trouble...if their “tech company” access to capital despite constant losses goes away then they’re toast

It's a total disaster. Tesla's future is far from certain. Anyone who has a deposit should ask for a refund asap otherwise, poof! it's gone.

Sorry, have been busy with life ;). Ask yourselves what really changed over the past couple weeks? There was an accident, and even if Autopilot was at fault--the driver is still supposed to be paying attention. That's it.

What is likely really going on--and I know this sounds cynical--is those that are taking significant losses on Tesla shorts are seizing an opportunity to drive down the price of Tesla stock as much as possible before next week's announcement and are getting out of their short positions while they still can. There is no reason why these same financial stories (ex: Forbes article) could not have been released in the last 12 weeks, situation is the same but it maximizes volatility to do it a week before a major announcement.

Right now all eyes are on Model 3 production, and there are a lot of positive signs like VIN registrations that it will be really close to what was projected (for once).

What changed is that their credit ratings just got cut, and their credit situation is deteriorating. This is a huge issue for a company that is functioning basically as a tech startup using capital markets to fund its ongoing operations.
There is a significant likelihood that Tesla will have to raise capital soon...The unsecured bonds Tesla sold (at 5.3%) last year are selling at all time low prices currently yielding 7.8%. The next round will be at a much higher interest rate.
If the Market cap falls to the $25-30 billion range Tesla could be an attractive takeover target.

I don't think they will raise more capital until they hit a few more production milestones with the Model 3. A lot will depend on what will be announced next week.

Unfortunately it could go either way. Thought I had solid info that the target would be hit but the latest articles with the leaked production memo have me worried. If the leaks are correct, they're at 1,200-1,400 cars per week right now with a push to hit 1,800-2,100 cars this last week of the quarter. That would be far less than the 2,500 target...

Stock is back up.