“Desperate” Tesla Asks Suppliers for Cash Back Retroactively to 2016
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The request is “essential to Tesla’s continued operation.” Tesla burned $1.1 billion in cash in Q1 and likely more in Q2 – we’ll find out on August 1. It cut its workforce by 9% in June and promised to cut other spending. CEO Musk told the entire world in a bizarre … Read more