Will junk rating tarnish EV’s golden child?

[message_box title="CORRECTION" color="blue"]A previous version of this article stated that Frost & Sullivan issued the junk rating. The rating was actually issued by Standard & Poor's [/message_box]

The golden child of the EV world, one of the few electric vehicle manufacturers to make a profit out of pure EVs, has been hit with a junk rating by Standard & Poor's. Notably, the rating is unsolicited, based on publicly available information and conducted because S&P "believe there is sufficient market interest in the company's obligations to initiate analytical coverage."