Tesla pulls the alarm signal: Elon Musk's company announces that it can not reach its production target and asks its suppliers to help it be more profitable by asking for money on coins



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today, 5:55 pm

Author:


Alexandra Cepăreanu

Tesla needs help from suppliers to be more profitable and asks for their money on payments made since 2016, according to Bloomberg.

Today, at 5:00 pm, the company's shares are down 15.7% and trade at $ 297.30

Tesla, which worries investors for production problems , amount "significant" payments made since 2016, according to a Wall Street Journal quoted by the Wall Street Journal.

The measure indicates the company's attempt to reverse the losses, while the California car maker has not reached its target of producing 5,000 vehicles a week. Some vehicles were produced in an improvised tent, necessary to increase the income and profits of the company.

"Only the costs of the third quarter will be taken into account until the end of the year.It would not be fair to take into account the costs of the current quarter," said Elo Musk in a post on his tweeter account.

There is no known number of sellers who have been asked to return the money, but some say that those who resort to this method of increasing productivity do not have the money. have not been aware of the demand. Panasonic Corp., Magna International Inc., Continental AG and Robert Bosch GmbH are among Tesla's suppliers, according to data compiled by Bloomberg

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