The Wall Street Journal had reported on Sunday that Tesla had turned to some suppliers for a refund of previously made payments in a bid to turn a profit, citing a memo sent by a Tesla global supply manager. Concern that the memo signalled that money-losing Tesla was scrambling to find cash to fund its current operations and multiple long-term projects had sent shares down. Any pricing adjustments would improve Tesla’s “future cash flows, but not impact our ability to achieve profitability in Q3,” the spokesperson added. …read more
Source:: Yahoo Finance
