Tesla shares drop 6.6 pct on report that it asked suppliers for refunds
The memo, which the paper said was sent by a global supply manager, described the request as essential to Tesla`s continued operation and characterized it as an investment in the car company to continue the long-term growth between both players.
Shares of Tesla Inc fell as much as 6.6 percent on Monday after a report that the electric car maker has turned to some suppliers for a refund of previously made payments in a bid to turn a profit. mage source: Reuters