• Latest
  • Trending
  • All
  • Canada
Tesla shares hit by report it is seeking refunds

Tesla shares hit by report it is seeking refunds

7 years ago
Visit W.News for latest News, Weather and More

Special Message from CEO and co-Founder Eric Boland & Sunset Date of WNewsNetwork.com

1 year ago
Visit W.News for latest News, Weather and More

Visit W.News for latest News, Weather and More

2 years ago
ADVERTISEMENT
WNews Banner

45 dead in South Africa bus crash, 8-year-old girl only survivor officials say

2 years ago
WNews Banner

Schools say kids are compulsively using social media. But experts say they learned from the best

2 years ago
WNews Banner

B.C.'s iconic Martin Mars water bomber to become 'centrepiece' of new museum exhibit

2 years ago
WNews Banner

Man switched at birth renews calls for N.L. government to apologize

2 years ago
WNews Banner

On pre-budget charm offensive, Trudeau announces plans to expand $10-a-day child care

2 years ago
WNews Banner

Beyoncé's country era is here. Will it change anything for Black country musicians?

2 years ago
WNews Banner

Ontario Power Generation employees top Ontario's 2023 Sunshine List

2 years ago
WNews Banner

Israel must take steps to allow more food and water into Gaza, UN top court orders

2 years ago
WNews Banner

A million mice are eating seabirds alive on a remote island. Conservationists have a plan

2 years ago
WNews Banner

Carbon Tax rebate: Do you really get back more than you pay? | About That

2 years ago
  • Go
  • W-World Media Inc.
    • W-World Films
  • ABOUT US
  • CONTACT
Wednesday, December 3, 2025
  • Login
  • Register
Merry Christmas
  • World
  • Canada
  • Politics
  • Tech
  • OpinionsHOT
  • ShowBiz
No Result
View All Result
WNews
  • World
  • Canada
  • Politics
  • Tech
  • OpinionsHOT
  • ShowBiz
No Result
View All Result
  • Login
  • Register
#WNews
No Result
View All Result
ADVERTISEMENT
Home World USA

Tesla shares hit by report it is seeking refunds

by wnndemo
July 23, 2018
in USA, World
Reading Time: 2 mins read
0 0
A A
0
Tesla shares hit by report it is seeking refunds
Share on Facebook

Tesla shares have fallen by more than 5% following a report that it is seeking refunds from suppliers.

The electric carmaker, which is headed by Elon Musk, told suppliers the refunds were critical to its ability to stay in business, according to the Wall Street Journal.

Tesla did not respond to a BBC request for comment.

ADVERTISEMENT

The company told the Journal that the appeal was a standard part of procurement negotiations.

The refund request applies to money that Tesla has paid to some suppliers since 2016, according to the Journal. The newspaper said it was unclear how many companies had received the request.

Initially, Tesla shares dropped by more than 5% on Monday morning as investors responded to the report, although they recovered some ground later.

Production milestone

Tesla is pushing to improve its financial position as it spends heavily to boost production of its latest car, the Model 3.

ADVERTISEMENT

Last month, the firm said it would lay off about 9% of its workforce.

RelatedPosts

Special Message from CEO and co-Founder Eric Boland & Sunset Date of WNewsNetwork.com

Visit W.News for latest News, Weather and More

45 dead in South Africa bus crash, 8-year-old girl only survivor officials say

It also said it had finally hit its target of making 5,000 Model 3 cars in a week at the end of June – a milestone that could mean it starts receiving payments to alleviate its cash crunch.

  • Is Tesla heading for trouble?

Chief executive Elon Musk has dismissed worries that the firm will run out of cash and needs to raise more money.

Instead, he has told investors that he expects the firm to turn a profit in the third quarter of this year.

Donation

Help Support the Work of WNews

Donate
ShareTweetSendShare
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Previous Post

B.C. parents say recovery schools could help teens before addiction takes hold

Next Post

Is Richard Sherman Limping Into Training Camp?

wnndemo

wnndemo

@WNewsNetworks Breaking News Alerts affecting people around the World.

Related Posts

Massive Christian Revival at Asbury University, Going for over 9 days & counting

Massive Christian Revival at Asbury University, Going for over 9 days & counting

February 17, 2023
20

New Zealand Prime Minister Jacinda Ardernto to step down as PM

January 18, 2023 - Updated on January 19, 2023
57
Irish Michael Bublé Fan who ate with Star writes Christmas song

Irish Michael Bublé Fan who ate with Star writes Christmas song

December 21, 2022
391

Breaking: 15 people including 14 students killed in Texas school shooting, Gov. Abbott

May 24, 2022
63

Ukraine’s Zaporizhzhia nuclear power plant captured by Russian military, officials say

March 3, 2022 - Updated on March 4, 2022
30

Stocks future dive, oil surges as Russia invades Ukraine

February 23, 2022
16
Next Post
Is Richard Sherman Limping Into Training Camp?

Is Richard Sherman Limping Into Training Camp?

Leave Comment

Latest WeatherFrom WNews Weather

Popular

  • The Pope is silent as calls for him to apologize grow

    The Pope is silent as calls for him to apologize grow

    0 shares
    Share 0 Tweet 0
  • The coast guard destroyed his boat without asking. Now, a federal agency wants him to pay $8,500 bill

    0 shares
    Share 0 Tweet 0
  • Counsellors help grieving Kelowna students deal with loss of 3 classmates

    0 shares
    Share 0 Tweet 0
  • Sarah Robinson, advocate for Indigenous women in B.C., loses her battle with cancer at 36

    0 shares
    Share 0 Tweet 0
  • Update: Family Upset after Surrey man dies after B.C. Corrections Officers Allegedly Ignores Injuries

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT

About WNews

WNews is the place to be for the latest global news. Starting in 2012 as WorldNewsNetwork7, we want to bring the news back to the news with unbiased reporting of the news. We believed that news should be honest and trustworthy.

WNews is a W-World Brand, a Canadian-based company.

  • Top News
    • #COVID19Pandemic
  • Canada
    • Vancouver
    • John Horgan
  • World
  • USA
    • POTUS
  • Finance
  • Health
  • Entertainment
  • #Twitter
  • Snowstorm
  • #Unwrapped2022
  • My Account
  • Masthead
  • Journalism Ethics Policy
    • Corrections Policy
    • Fact-Checking
  • Terms
    • Community Standards
  • | Privacy Policy
  • Comment Policy
  • About Us
  • WNews Beta Program
  • Term of Service
  • Community Standards
  • Comment Policy
  • Privacy Policy
  • Information for Californian consumers
  • Ad Choice

© 2012- 2022 | The WNews Broadcasting Corp, A W-World Company. All Rights Reserved. | WNews nor W-World is responsible for external links. User discretion is advised.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Login
  • Sign Up
No Result
View All Result
  • Home
  • COVID-19 Pandemic
  • World
    • USA
  • Latest News
    • Politics
    • Opinions
    • Technology
      • Apple
      • Google
  • Canada
    • BC
  • Lifestyle
    • Fashion
    • Food
    • Travel
  • Reviews
    • Movies
    • Music
    • TV
    • TV & Streaming Boxes
  • Sports
    • Football
    • Hockey
    • Soccer
  • Trending Now
    • #WNNBreaking
    • #COVID19Pandemic
    • #BCStorm
  • Business
    • Finance
    • Education/Family

© 2012- 2022 | The WNews Broadcasting Corp, A W-World Company. All Rights Reserved. | WNews nor W-World is responsible for external links. User discretion is advised.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

WNewsNetwork.com Now Closed

As of March 29, 2024, Readers can get the latest news at https://w.news. All posts and content on WNewsNetwork.com are archived and will be transferred to W.News over the next few months.

WNewsNetwork.com has officially shut down on June 30, 2024. 

Visit W.News Now

© 2024 – WNews Broadcasting Corp, a W-World Company.

W-World | WNews | Digiima | InnerCercle

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?