S&P

Tesla Lost Almost $100 Billion In Valuation So Far This Year

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Good morning! It’s Tuesday, January 16, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Walter Isaacson On Elon Musk(s) 1st Gear: Telsa Lost $94 Billion In Two Weeks By all accounts, Tesla … Read more

S&P downgrades Vedanta Resources over “distressed” bond extension

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S&P Global Ratings on Friday downgraded Vedanta Resources to among its lowest ratings citing a “distressed” bond extension move, marking the second downgrade of the company this week. The agency reduced Vedanta’s issuer rating to “SD” or “selective default” from “CC,” indicating the agency believes the company has defaulted on some payments but will meet … Read more