Tesla
- Tesla asked suppliers for a refund in order to help it become profitable, the Wall Street Journal reported Sunday.
- Shares fell more than 4% after the report.
- Follow Tesla’s stock price in real-time here.
Tesla has asked some of its suppliers for refunds in order to help it reach its profitability goal, the Wall Street Journal reported over the weekend, citing a memo sent to a supplier last week.
The memo, from a global supply manager, said the cash back was “essential to Tesla’s continued operation,” the WSJ said, telling the supplier to consider the refund an investment in the company’s long-term health.See the rest of the story at Business Insider
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