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Today Standard & Poor’s gave Tesla Motors’ stock an unsolicited junk rating of B-minus, six grades below investment status, for what it termed a “vulnerable” automaker. “We believe there is considerable uncertainty in Tesla’s long-term prospects and believe that the company is less likely to successfully adapt to competitive and technological displacement risks over the […]

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Minutes ago, Tesla Motors released its latest shareholder letter divulging results from its second quarter this year. The start-up from Fremont, Calif. reports net income (non-GAAP) increased by 70 percent to $26 million over Q1. Sales for Q2 were a record of 5,150 Model S sedans to North America. The total since launch is now […]

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