S&P shifts Tesla view to positive

S&P said revised the outlook for Tesla Inc. to positive from negative.

“The positive outlook reflects an increased likelihood that Tesla’s credit metrics will improve more than our base-case projection because of higher demand and manufacturing-related efficiencies. We assume debt to EBITDA falls below 4x, with slightly negative free operating cash flow (FOCF) in 2020,” S&P said in a press release.

S&P affirmed its B- rating on the company.

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