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Returning some of the money paid, Tesla demanded by sending letters to some of the suppliers. The Wall Street Journal claims that the electric vehicle company wants to recover significant amounts and justifies its request for help from American electric motor manufacturers to become profitable again.
Tesla's attenuating financial reserves worry investors. With the news of the supplier's letter, the Teslos share has fallen by nearly 6%. Obviously, Tesla is trying to handle the losses. Although Tesla's head, Elon Musk, boasted that the factory managed to reach 5,000 model 3 weekly production units, no expert doubted its success
Teslos refused to comment on a specific letter distributed to suppliers. the partners were invited to carry out reduction projects, some of which began in 2016. The company named its application as a "state of the art" negotiation process to improve its competitive advantage.
How many suppliers were asked to return some of the money received is not clear, some of them claiming to hear such a request for the first time. Panasonic Corp., Magna International Inc., Continental AG, Robert Bosch GmbH and others are some of the most important electromotive partners of the company.
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