by Amruth Sundarkumar | Jul 27, 2021 | Corporates
Tesla reported net income of $1.14bn, compared to $104mn in the same period last year. Net profits surpassed $1bn for the first time. Revenues came in at $10.2bn, of which 3.5%, or $354mn came from sale of regulatory credits, the lowest number of credits than in any...
by bondevalue | May 6, 2021 | High Yield Bonds
Fiat owner Stellantis announced that it will no longer be buying emission credits from Tesla, which could impact the Elon Musk led carmaker’s future earnings. Tesla earned $518mn from the sale of these credits in Q1 that translated into net profits of $438mn....
by bondevalue | Apr 27, 2021 | High Yield Bonds
Tesla reported net income of $438mn, up 62% QoQ and significantly higher than $16mn in Q1 2020. Revenues came in at $10.39bn, up 74% YoY. Tesla saw $518mn in revenue from sales of regulatory credits and also a $101mn positive impact from the sale of bitcoin during the...
by bondevalue | Mar 26, 2021 | Credit Ratings, High Yield Bonds
Moody’s upgraded Tesla to Ba3 from B2 and changed the outlook to positive from stable. With this rating upgrade, Tesla is now three notches below investment grade. They also upgraded Tesla’s senior unsecured rating to B1 from B3. The broad parameters focused on...
