Tesla stock skids on report it asked suppliers for refunds
https://phys.org/news/2018-07-tesla-stock-skids-suppliers-refunds.html
The request raises more questions about Tesla's cash position. The 15-year-old company has never reported an annual profit. It is spending about $1 billion a quarter as it ramps up manufacturing of its Model 3 sedan. It had $2.7 billion in cash on hand at the end of the first quarter.
Tesla stock fell nearly 5 percent in early trading Monday.
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