Jul 25 2018
A memo provided to The Wall Street Journal shows the electric auto maker asked a supplier to return what it calls a meaningful amount of money on its payments since 2016.
Telsa took another financial hit on Monday, with shares in the company dropping nearly 5% after the electric automaker was reported to have asked some United States suppliers to return payments to the money-losing company.
The electric vehicle company declined to comment on the specific memo but confirmed that it is seeking price reductions from suppliers for projects, some of which date back that far.
The appeal was reportedly made as part of a wider effort to make Tesla profitable.
Initially, Tesla shares dropped by more than 5% on Monday morning as investors responded to the report, although they recovered some ground later.
Tesla's rally call was aimed at all suppliers, although in the memo it was not made clear how they were expected to comply with the company's request for refunds.
Amazon pulls off record Prime Day despite site glitches
Shoppers, meanwhile, have lots of sales to choose from as other retailers offer promotions to try to take a share of the spending. Prime customers are hugely important to Amazon , as they are known as the site's most frequent and valuable customers.
United agree deal to sell Daley Blind back to Ajax
Blind returned to United for pre-season training but was left out of the squad which travelled to America on Sunday. Sources have also told ESPN FC that United have received an enquiry from Inter Milan for full-back Matteo Darmian.
Anderson has his work cut out against Isner in Wimbledon semifinal
The length of the first semifinal means that Djokovic's matchup with Nadal will be played under the lights on Centre Court. It will be the second Grand Slam final for Anderson, who reached the final of the US Open past year to Rafael Nadal .
"It's troubling", David Whiston, an analyst with Morningstar in Chicago, said in an interview on Monday as Tesla's stock declined, closing off 3.3 percent.
Tesla's cash position is a concern because the company has burnt through billions of dollars to step up production of the Model 3, its first mass-market auto.
The company's rapidly weakening cash position has spooked investors, and comes despite the claims of founder Elon Musk that Tesla is now a "real" carmaker after hitting a weekly goal of producing more than 5,000 mass-market Model 3s, the rate of production that the manufacturer hopes will turn the company's economic position around.
It is unclear how much cash back Tesla has requested, or how many of its suppliers have received this request. "It's simply ludicrous and it just shows that Tesla is desperate right now", Dennis Virag, a manufacturing consultant, told The Wall Street Journal.
The race to get the Model 3 going may have added unexpected costs in the second quarter.
According to the Journal, Tesla is facing payments on $230 million in debt in November if its stock price doesn't reach a conversion price of $560.6 per share.
Jul 21 2018
After Helsinki, Dems struggle over Trump, the term 'treason'
Trump said he had been "very strong on the fact that we can't have meddling, we can't have any of that". I will tell you though: "it better not be, it better not be", Trump told CBS News .
Jul 20 2018
After Helsinki, Trump plans to host Putin in Washington
He previously worked in the Canberra press gallery and recently finished a Masters of Journalism at Columbia University in NY . US President Donald Trump and his Russian counterpart Vladimir Putin shake hands as they meet in Helsinki, Finland on 16 July.
Jul 19 2018
Groenewegen takes Tour stage, Porte gains
The Tasmanian was left in tears on the side of the road after he crashed out of the race with a fractured right clavicle. While it wasn't rainy and muddy like in April for the Paris-Roubaix race, the heat and sun made it dry and dusty.
Jul 17 2018
Olivia Colman as Queen Elizabeth in The Crown season 3
Olivia replaces the utterly brilliant Claire Foy as Lizzie, a role which bagged her a Golden Globe for the Netflix series in 2017. But as for what we do know: today, Netflix released the first image of Colman as Her Majesty, and it is pretty much ideal .
Jul 16 2018
A World Cup final to decide the Ballon d'Or?
It really didn't matter in the end that the Chelsea forward wasn't able to find the goal as France won the World Cup anyway. The result [of the match] will show if we did everything right....
Jul 16 2018
Trump calls the European Union a foe of the United States
He added: "You wouldn't think of the European Union, but they're a foe". His grandfather Frederick Trump was born in Germany. In fact, Trump's father was born in New York City.
Jul 16 2018
John Giles: 'If Pogba has seen the light, France will win'
Here's a look at what's coming up at the World Cup , which is down to its last two matches: the third-place game Saturday in St. Petersburg between Belgium and England , and the final the following day in Moscow between France and Croatia .
Jul 15 2018
Trump hits the links at his Scottish golf resort
Replying to that, Trump blamed former US President Barack Obama for not doing enough at the time to respond to the crisis. Putin as it seems to be, a meeting between the Russian President and his counterpart could not be more concerning", Sen.
Jul 15 2018
Protesters refused permission to fly Trump baby blimp at Holyrood
Mr Trump went on to say Mr Johnson, who quit as foreign secretary over the Chequers plan, was "a great representative for your country".
Jul 15 2018
De Bruyne & Kompany shine as Belgium finish third
Belgium , meanwhile, have kept largely with their strongest team as manager Roberto Martinez aims to end the tournament on a high. Beating Belgium on Saturday would give England their best World Cup finish since then, surpassing fourth place in Italy in 1990.
Jul 24 2018Dennis Robertson Attended Kawhi Leonard's Meeting With Raptors
Jul 23 2018Woods sparkles with a 66 at Open
Jul 21 2018Julen Lopetegui warns Real Madrid board over Eden Hazard pursuit
Jul 20 2018Twitter reacts to Carmelo Anthony's reported $27.9 million buyout
Jul 20 2018Meghan Markle's Half-Sister Slams the Duchess for Ignoring Their Dad
Jul 19 2018Get 2 Portillo's hot dogs for only $5 this week
Jul 17 2018British royal family releases official photos of Prince Louis' christening
Jul 16 2018Police say 4 protesters arrested after shooting
Jul 16 2018Tesla hits 200,000 U.S. sales, tax credit phase-out to commence
Jul 14 2018Hearing a 'victory notch in Putin's belt': Federal Bureau of Investigation agent in Russian Federation probe
Jul 24 2018Sony IMX586 Smartphone Camera Sensor With 48 Effective Megapixels Resolution Launched
Jul 24 2018South Korea Promotes Trade With Northern Neighbour Via Sanction Exception
Jul 23 2018Los Angeles police report possible hostage situation at Trader Joe’s
Jul 22 2018Officials release names of those killed in boat accident
Jul 22 2018Trump responds to Cohen taping: 'Your favourite president did nothing wrong'
Jul 22 2018Trump defends efforts to build a rapport with Putin
Jul 21 201817 dead after duck boat capsizes in Missouri lake during storm
Jul 20 2018Guardiola wants Man City stars rested and ready
Jul 18 2018Strong, severe thunderstorms expected Tuesday afternoon
Jul 18 2018Horror for Netflix as it misses subscriber targets
Jul 18 2018Trump unfazed by GOP criticism, says Putin meeting was great
Jul 13 2018Netflix captures most Emmy nods title from HBO