Loading ...“We Are Not Going Bankrupt” Musk Vows As Tesla Suppliers Panic Over Stopped Payments
Less than a month after the WSJ reported first that Tesla was quietly asking suppliers for “cash back” on existing and future projects, describing the request as “essential to Tesla’s continued operation” and characterizing it as an investment in the car company, investors quickly sold off the stock sending it back under $300, amid growing fears of a liquidity crisis at the electric automaker.