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"Beurstik Unjustly"
Tesla asked a limited number of vendors to repay some of the previous payments, but according to the company, this is not a concern for the capital position of the electric car manufacturer. . The company responded to the news on demand. This news has caused a slap on the stock market.
The request related to expenditures for an older project and was intended to support longer-term cash flow. Tesla finally wants to become profitable in the third quarter, but the favor of the suppliers would not matter. Tesla wants to achieve this goal by its own means. "Charging costs on longer-term projects would not be fair," said senior executive Elon Musk
. Tesla asked in the note a "considerable amount" of vendors who should see this money as an investment in the growth of According to a Cowen analyst, the explanation is a matter of fact, but the cash flow and profitability are still of concern for the automaker, who ultimately benefits, according to Musk, to ask for discounts to suppliers. The stock has offset some of its foreign exchange loss after Tesla's explanation.
In its fifteen-year existence, the US company has never closed a profitable year, but expects to be profitable in the third and fourth quarters of this year. should it achieve ambitious production targets for its model 3, the first Tesla car for a wider audience. del & # 39; was delayed several times.
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