Tesla stock skids on report it asked suppliers for refunds
https://apnews.com/e5b7888e94cb41bc882b036b5b1ff827
NEW YORK (AP) — Shares of Tesla are down sharply after a report that the company asked suppliers for refunds to help it turn a profit.
A memo provided to The Wall Street Journal shows Tesla asked a supplier to return what it calls a meaningful amount of money on its payments since 2016. The memo said all suppliers were being asked to help the company become profitable.
Tesla stock skids on report it asked suppliers for refunds
Jul 23, 2018, 4:00pm UTC
https://apnews.com/e5b7888e94cb41bc882b036b5b1ff827
> NEW YORK (AP) — Shares of Tesla are down sharply after a report that the company asked suppliers for refunds to help it turn a profit.
> A memo provided to The Wall Street Journal shows Tesla asked a supplier to return what it calls a meaningful amount of money on its payments since 2016. The memo said all suppliers were being asked to help the company become profitable.