Honda has unveiled the design of the Prologue, its first electric SUV and a vehicle codeveloped with General Motors. Like most of its Japanese peers in the auto industry, Honda has been a laggard when it comes to all-electric vehicles. The automaker focused too much on hydrogen fuel cells and hybrids, which resulted in a very small offering of all-electric models and virtually nothing in North…

Tesla (TSLA) has been officially upgraded to investment grade long-term credit rating by S&P Global Ratings. Despite delivering profits for more than two years straight and building a cash position of over $18 billion while sitting on very little debt, Tesla was still rated as a “junk bond” by rating companies like S&P Global Ratings and Moody’s Investors Service. Earlier this…