According to foreign media reports, American electric car manufacturer Tesla requires some suppliers to refund part of the money it has paid to help it improve its profitability. This makes the outside world more question whether Tesla has enough funds to support its business development.
According to US media reports, in a memorandum issued to global suppliers, Tesla asked suppliers to refund part of the payments it had paid since 2016 to help the company achieve profitability. Tesla said that this move is designed to help its continued operations and is a necessary measure. It can also be seen as an investment by suppliers in Tesla, which is conducive to the growth of both parties' performance.
The report quoted the analysis of supply chain experts as saying that some automakers do indeed seek preferential policies from suppliers for some existing or future projects, but it is very rare to seek fund returns for past projects. According to the report, Dennis Verrag, a manufacturing consultant who has worked in the automotive industry for 40 years, said that such a move is stupid and shows that Tesla is in desperation.
According to reports, Tesla declined to comment on the news, but said that it is seeking discounts on some items from some suppliers, and some items do date back to 2016.
This request of Tesla has caused more doubts about Tesla's cash position. Recently, many people have not believed that Tesla has enough cash flow to survive. After investing heavily in its new model Model 3, Tesla's funds have dropped significantly. In addition to developing new models, Tesla is also investing heavily in the construction of electric vehicle infrastructure, which requires a lot of funds. According to the Associated Press, Tesla currently needs about $1 billion in funding every quarter, and Tesla has $2.7 billion in cash in the first quarter of this year. Bloomberg's previous report also pointed out that Tesla spends an average of $6,500 per minute. At this rate, the company may consume all its funds before the end of 2018.
Tesla will announce its second quarter earnings on August 1. According to a survey by data analysis company FactSet, analysts expect Tesla to lose $2.77 per share in the second quarter, doubling from $1.33 in the same period last year. Not long ago, related to Tesla CEO Musk’s comments on Twitter, the company’s share price fell 7% in July.
LED Lighting Aluminum Alloy Die Casting
Led Lighting Aluminum Alloy Die Casting,Oem Aluminium Alloy Die,Led Zinc Die Casting,Aluminium Led Light Housing
Dongguan Metalwork Technology Co., LTD. , https://www.diecast-pro.com