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Tesla Asks Suppliers For Cash Back

Tesla Inc. has asked some suppliers to refund a portion of what the electric-car company has spent previously, an appeal that reflects the auto maker’s urgency to sustain operations during a critical production period, according to a memo sent to the suppliers and viewed by the Wall Street Journal. Tesla is framing the request as essential to its continued operations, and describes the refund as an investment in continuing growth for all players.

Read the whole story at Wall Street Journal »

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