The Wall Street Journal saying it had reviewed a memo that was that was sent to a supplier last week.
- asking its suppliers for cash back to help it become profitable
- requested the supplier return what it calls a meaningful amount of money of its payments since 2016
The Journal adds:
- The auto maker's memo, sent by a global supply manager, described the request as essential to Tesla's continued operation and characterized it as an investment in the car company to continue the long-term growth between both players.
Zoom-zoom
Link to the piece is above, but it may be gated.
Nope, not FX … but of interest to financial markets