Tesla Goes Begging

[Weatherman2020]

The Silicon Valley electric-car company said it is asking its suppliers for cash back to help it become profitable, according to a memo reviewed by The Wall Street Journal that was sent to a supplier last week. Tesla requested the supplier return what it calls a meaningful amount of money of its payments since 2016, according to the memo.

The auto maker’s memo, sent by a global supply manager, described the request as essential to Tesla’s continued operation and characterized it as an investment in the car company to continue the long-term growth between both players.

Tesla Asks Suppliers for Cash Back to Help Turn a Profit

That'll work.

 

[Rambunctious]

I have friends that bought a Tesla...they said it was the biggest mistake of their lives....

 

[saveliberty]

Bigger car companies can play that game. Tesla will be in the DeLoren category soon enough.

 

[Ridgerunner]

Tesla Asks Suppliers for Refunds; Shares take a Hit.

 

[my2¢]

Playing the role of Mr. Wonderful (Shark Tank) here, perhaps Tesla should forget about making cars and concentrate on electric motor technology they could license to real auto and truck manufacturers? After all, Cummins has lasted a long time not making trucks.