Tesla is reportedly asking for refunds from suppliers in an aggressive tactic designed to help the perpetually money-losing company turn a profit. The move reflects CEO Elon Musk's increasing urgency to make Tesla profitable after losing more than $4 billion over the last six years.        

BING NEWS:
  • Suppliers to the 2018 Tesla Model 3
    ATTENTION COMMENTERS: Automotive News has monitored a significant increase in the number of personal attacks and abusive comments on our site. We encourage our readers to voice their opinions and argu...
    07/30/2018 - 5:47 am | View Link
  • Tesla Asks Suppliers for Refunds; Shares take a Hit.
    In what’s shaping up to be a make-or-break quarterly earnings report for Tesla (TSLA) scheduled for August 1st, investors are selling shares in the wake of several recent negative news items about the ...
    07/25/2018 - 1:31 am | View Link
  • Tesla Wants Money Back From Suppliers To Turn A Profit
    Automaker Tesla Inc. is reportedly seeking partial refunds from suppliers it’s already paid in an effort to become profitable more quickly, according to reports in The Wall Street Journal. Reports on ...
    07/24/2018 - 1:48 am | View Link
  • Tesla's stock took a dip after news it asked suppliers for refunds
    After years of running deep in the red, Tesla CEO Elon Musk has promised that his company will be profitable for the second half of 2018 — but to get there he may need a helping hand from suppliers, i...
    07/23/2018 - 8:41 am | View Link
  • If Tesla is asking suppliers for refunds, that's unusual and 'troubling,' analyst says
    Tesla, the manufacturer of high-end electric automobiles, is asking some of its suppliers for retroactive price reductions and refunds on parts the company already purchased as long as two years ago. ...
    07/23/2018 - 4:25 am | View Link
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BING SEARCH:
  • Tesla, Inc.
    The Tesla Supplier Portal allows Tesla and its suppliers to share key business and product information over the web.
    08/14/2018 - 10:23 pm | View Website
  • Tesla, Inc.'s (TSLA) Suppliers by Company, Division and ...
    Tesla's Suppliers recorded increase in sales by 11.43 % year on year in Q2 2018, sequentially sales grew by 1.9 %, Tesla recorded increase in cost of sales by 59.37 % year on year, sequentially cost of sales grew by 14.6 % in Q2.
    08/11/2018 - 5:45 am | View Website
  • Tesla And 'Supplier Discountgate'
    The supplier who received the memo interpreted them as part of one connected request; that all Tesla suppliers were being asked to provide a retroactive discount/refund, a request that would not only help make Tesla profitable but was also necessary for Tesla's continued operation.
    07/25/2018 - 5:46 pm | View Website
  • Tesla Seeks Partial Payments Back From Suppliers | PYMNTS.com
    Automaker Tesla Inc. is reportedly seeking partial refunds from suppliers it’s already paid in an effort to become profitable more quickly, according to reports in The Wall Street Journal. Reports on Monday (July 23) said the publication reviewed a memo that was reportedly sent to one of Tesla’s suppliers last week, requesting the return of […]
    07/23/2018 - 7:58 pm | View Website
  • Tesla to Suppliers: Take a Hit to Make Us Great
    Agreements forged between automakers and suppliers aren’t etched in stone, and shaky financial ground has a way of altering how and when those suppliers are paid. Look back to the recession for prime examples of that. However, a memo sent from Tesla to a supplier shows the electric automaker wants to recoup a portion of […]
    07/23/2018 - 11:29 am | View Website
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