[ad_1]
Reported Monday
Wall Street Journal that electric car manufacturer Tesla has asked its subcontractors to pay back some of the money that Tesla has set for the company's products. To help the company during a critical manufacturing period of the model cheaper model 3.
After the news, Tesla's share fell like a rock. At the same time, the price of credit swaps increases, which constitutes a kind of insurance against paid payments. This indicates that Tesla's credit risk is rising, writes Reuters.
In an attempt to lessen the effect Musk Teslas commented
Twitter :
"Only costs that really relate to the third quarter and beyond count." A Tesla spokesperson also said that fewer than ten subcontractors received the PM sent out the week last in which Tesla asked them to return a "sizeable sum" to insure the company's company.The appeal to the money contributes to the uncertainty surrounding the liquidity of Tesla, which was significantly reduced when the company struggled to obtain the model 3 production rate. In early July, Tesla announced that In the first quarter, Tesla launched a reorganization in order to make the company grow. As part of the reorganization, the message was reported that the staff would be neglected.
Also read: Matching cars as Tesla on a continuous line
[ad_2]
Source link
