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.