JEFF Posted July 23, 2018 Share Posted July 23, 2018 Smart guy... Or is he? Tesla shares drop after carmaker reportedly asks its suppliers for refunds to reach profitability Tesla is reportedly requesting its suppliers to give cash back from previous payments to help the carmaker become profitable. The Wall Street Journal cites a Tesla memo asking a supplier to return a "meaningful amount of money of its payments since 2016.” Tae Kim | @firstadopter Published 1 Hour Ago Updated 5 Mins AgoCNBC.com David Paul Morris | Bloomberg | Getty Images Elon Musk, chairman and chief executive officer of Tesla Motors Tesla shares are falling on a report that the electric car maker has asked some suppliers to refund a portion of previous payments made by the company. In its report Sunday, The Wall Street Journal cited a Tesla memo asking a supplier last week to return a "meaningful amount of money of its payments since 2016.” The memo said all suppliers were being asked to help Tesla become profitable, the newspaper said, but added that it was unclear how many were asked for retroactive discounts. Tesla shares were down 4 percent in Monday’s premarket. https://cnbc.com/2018/07/23/tesla-shares-drop-after-carmaker-reportedly-asking-for-partial-cash-re.html Quote Link to comment Share on other sites More sharing options...
Whiskey Tango Foxtrot Posted July 23, 2018 Share Posted July 23, 2018 Oops Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted July 23, 2018 Platinum Contributing Member Share Posted July 23, 2018 Market Summary > Tesla Inc Follow NASDAQ: TSLA 295.45 USD −18.13 (5.78%) Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted July 23, 2018 Platinum Contributing Member Share Posted July 23, 2018 Board going to can him soon if he doesn't shape up. Many top investors sent a letter last week. One of them was on an interview with CNBC. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted July 23, 2018 Share Posted July 23, 2018 He’s the Henry Ford of our time. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted July 23, 2018 Platinum Contributing Member Share Posted July 23, 2018 Just now, Mainecat said: He’s the Henry Ford of our time. I didn't think Henry had ADHD. Quote Link to comment Share on other sites More sharing options...
mtnloverxtreme2 Posted July 23, 2018 Share Posted July 23, 2018 2 minutes ago, Mainecat said: He’s the Henry Ford of our time. why you say that? he hates jews too? Quote Link to comment Share on other sites More sharing options...
Momorider Posted July 23, 2018 Share Posted July 23, 2018 Just now, steve from amherst said: I didn't think Henry had ADHD. Henry was a Hitler loving antisemitic POS Like NaziPigDog Quote Link to comment Share on other sites More sharing options...
Zambroski Posted July 23, 2018 Share Posted July 23, 2018 Pretty clear he's been loony tunes for a while now. 5 billion in g'ment subsidies and he still hasn't showed a profit...or any way to achieve it. Subsidies in peril. Ahhhh.....but yet another hoisted on the shoulders of liberalizm on his way back down as common sense takes over. Quote Link to comment Share on other sites More sharing options...
Anler Posted July 23, 2018 Share Posted July 23, 2018 9 minutes ago, steve from amherst said: I didn't think Henry had ADHD. Musk is a brilliant engineer and visionary, businessman maybe not so much. Quote Link to comment Share on other sites More sharing options...
Anler Posted July 23, 2018 Share Posted July 23, 2018 8 minutes ago, Momorider said: Henry was a Hitler loving antisemitic POS Like NaziPigDog He was spot the fuck on. Quote Link to comment Share on other sites More sharing options...
Momorider Posted July 23, 2018 Share Posted July 23, 2018 1 minute ago, Zamjabronie said: Pretty clear he's been loony tunes for a while now. 5 billion in g'ment subsidies and he still hasn't showed a profit...or any way to achieve it. Subsidies in peril. Ahhhh.....but yet another hoisted on the shoulders of liberalizm on his way back down as common sense takes over. Auto manufacturing is a shit show add in all electric and its close to impossible to be competitive Quote Link to comment Share on other sites More sharing options...
Edmo Posted July 23, 2018 Share Posted July 23, 2018 3 minutes ago, Momorider said: Henry was a Hitler loving antisemitic POS Like NaziPigDog He wasn’t fond of the blacks either. All the city trucks running around dearborn when I was a kid said “keep Dearborn clean” on them. Which meant keep the blacks out. I understand he was behind this along with then mayor Hubbard. Quote Link to comment Share on other sites More sharing options...
JEFF Posted July 23, 2018 Author Share Posted July 23, 2018 46 minutes ago, Mainecat said: He’s the Henry Ford of our time. Not quite there stonehenge... He's a sharp cookie for sure. Just doesn't have the business acumen needed to pull off being an automaker. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted July 23, 2018 Share Posted July 23, 2018 Just now, JEFF said: Not quite there stonehenge... He's a sharp cookie for sure. Just doesn't have the business acumen needed to pull off being an automaker. Well he's more successful in busienss than your hero Trump so he will prob figure out how to make it work. 1 1 Quote Link to comment Share on other sites More sharing options...
f7ben Posted July 23, 2018 Share Posted July 23, 2018 Elon Musk is a fucking genius ......the end 1 Quote Link to comment Share on other sites More sharing options...
JEFF Posted July 23, 2018 Author Share Posted July 23, 2018 5 minutes ago, Angry ginger said: Well he's more successful in busienss than your hero Trump so he will prob figure out how to make it work. Reading skilz on the fritz today? Smart guy, yes. Smart enough to turn a profit in the auto sector? We'll see. He has some serious hurdles if he can even get close to making a sizeable presence in the market. Once he's building cars that at least equal Kia in quality for under $85k he will have something. Until then tesla is just a gimmick that the 1%'ers drive to make a statement. 1 Quote Link to comment Share on other sites More sharing options...
Edmo Posted July 23, 2018 Share Posted July 23, 2018 18 minutes ago, JEFF said: Reading skilz on the fritz today? Smart guy, yes. Smart enough to turn a profit in the auto sector? We'll see. He has some serious hurdles if he can even get close to making a sizeable presence in the market. Once he's building cars that at least equal Kia in quality for under $85k he will have something. Until then tesla is just a gimmick that the 1%'ers drive to make a statement. I give him kudos just for trying. I don’t think there has been a new high production auto company started successfully here in the US in a very long time. I’m definitely rooting for him, but it’s a huge hill to climb. Quote Link to comment Share on other sites More sharing options...
f7ben Posted July 23, 2018 Share Posted July 23, 2018 IDK , I see them Teslas rolling down the road from time to time and they are awesome looking cars. Couple that with the fact that they could absolutely destroy the fastest vette ever built 0-60 and you really have something awesome Quote Link to comment Share on other sites More sharing options...
JEFF Posted July 23, 2018 Author Share Posted July 23, 2018 2 minutes ago, f7ben said: IDK , I see them Teslas rolling down the road from time to time and they are awesome looking cars. Couple that with the fact that they could absolutely destroy the fastest vette ever built 0-60 and you really have something awesome No doubt, they are sharp cars that are no joke in the quickness dept. But they are built at basically arctic cat quality levels. Quote Link to comment Share on other sites More sharing options...
f7ben Posted July 23, 2018 Share Posted July 23, 2018 Just now, JEFF said: No doubt, they are sharp cars that are no joke in the quickness dept. But they are built at basically arctic cat quality levels. I commend their efforts and as long as they are making improvements I think they will succeed. I mean sweet fuck.....look at the quality of GM's from about 1990-200x You could not buy a car that was bigger piece of shit ......GM went bankrupt as was bailed out more than once...... Yet here we are with people defending them and accosting Tesla. Its just an extension of partisan idiocy. THAT ELON MUSK IS A LIBERAL.....HIS CARS SUCK AND OBAMA SUCKS Thats all it is Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted July 23, 2018 Share Posted July 23, 2018 11 minutes ago, f7ben said: I commend their efforts and as long as they are making improvements I think they will succeed. I mean sweet fuck.....look at the quality of GM's from about 1990-200x You could not buy a car that was bigger piece of shit ......GM went bankrupt as was bailed out more than once...... Yet here we are with people defending them and accosting Tesla. Its just an extension of partisan idiocy. THAT ELON MUSK IS A LIBERAL.....HIS CARS SUCK AND OBAMA SUCKS Thats all it is try like 1975-200x. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted July 23, 2018 Platinum Contributing Member Share Posted July 23, 2018 2 minutes ago, Angry ginger said: try like 1975-200x. What ya didn't like those aluminum block vega's? Most of the time the payment book outlasted the motor. Quote Link to comment Share on other sites More sharing options...
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