Moody's downgrades Tesla's credit rating over Model 3 delays
Credit rating agency Moody's has downgraded American electric carmaker Tesla's credit rating, citing a shortfall in the production rate of the company's Model 3 car. The company also faces liquidity pressures due to its large negative free cash flow, Moody's said. The agency also changed Elon Musk-led firm's outlook to Negative from Stable.