Couple of months ago an "expert" wrote that the record low spread on junk to investment grade was not going to last. They said all it would take is one large well publicized bankruptcy. I have publicly stated that I think Tesla is a great candidate and now that most of Wall Street and the government have turned on them it is looking much more likely.
Don't intend to sound like Debbie Downer but Tesla has been a pure story stock play for the last several months since they have proven they can't make a reasonably priced higher volume car.
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