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Tesla Bonds Hit Record Low, Stock Spikes On ‘Consumer Reports’ Flip-Flop

Courtesy of ZeroHedge. View original post here.

Rabid investors are piling back into Tesla shares this morning following a flip-flop from Consumer Reports that now recommends the Model 3  after an over-the-air software update improved braking by almost 20 feet.

As Bloomberg reports, the influential magazine had refused to recommend the electric-car maker’s more-mainstream model after testing showed it took longer to stop than a Ford F-150 pickup. The new software pushed by Chief Executive Officer Elon Musk addressed variations in braking styles and environmental conditions, a company spokeswoman told Consumer Reports.

There’s just one thing… Tesla Bonds are being whacked with the ugly stick (and this is despite a massive bid for bonds overall)…

This pushes Tesla’s cost of funding its highest ever… just below that of Ukraine!!

Just one more thing to ignore!! Like yet more auto-pilot crashes…


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