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- Moody's upgraded its outlook for Tesla bonds Monday, tagging them as a reliable investment.
- It's the second ratings agency to lift the EV maker out of junk territory, following S&P in October.
- "Tesla will maintain its position as one of the leading manufacturers of battery electric vehicles," Moody's said.
Moody's Analytics has upgraded Tesla bonds to investment-grade status for the first time, saying the Elon Musk-run carmaker's dominance of the EV market and its efforts to keep costs low have boosted its ability to repay its debts.
The agency, which judges companies' ability to pay back bondholders, lifted the company's rating by one notch Monday.