Tesla shares drop after carmaker reportedly asks its suppliers for refunds to reach profitability
https://www.cnbc.com/2018/07/23/tesla-shares-drop-after-carmaker-reportedly-asking-for-partial-cash-re.html
Tesla shares are falling on a report that the electric car maker has asked some suppliers to refund a portion of previous payments made by the company.
In its report Sunday, The Wall Street Journal cited a Tesla memo asking a supplier last week to return a "meaningful amount of money of its payments since 2016.”