Hello and welcome to the Monday July 15th

2019 edition of Tesla Daily Unofficial Tesla Podcast. My name is Rob Mower. Today we are talking about some changes to Tesla's pricing and vehicle lineup.

Tesla stock with a strong day today up 3.44% to $253.50, this compared to the NASDAQ up 0.17%.

Tesla did start to run a little bit towards the end of the day with some news from Moody's,

which upgraded the credit rating on about 92 million dollars of

Tesla's asset-backed securities. While that is a positive, it's important to

understand that this is not Moody's upgrading Tesla as a company. You may remember

back in 2018 in March

when Moody's downgraded Tesla.

That made big news that impacted the stock significantly.

But that was a different sort of downgraded

than today's upgrade.

That downgrade was more significant.

That was on Tesla's corporate family rating,

versus today's upgrade is specifically

to some lease-backed securities.

As I said, it's about $92 million of those,

so pretty small in terms of the overall scale of Tesla.

In the upgrade note, Moody said, quote, the upgrades were prompted by strong residual value performance

of the underlying lease contracts and accretion of credit enhancement due to the sequential pay structure in addition

to non-declining reserve account and over collateralization."

End quote.

...