Tesla requested the vendors to return the money

23 July 2018

The agony and logical step?

Experts do not cease to sound the alarm about the financial state of "Tesla". And it's in the value of the shares: they periodically rise and fall, but today's quotes are about on the level of a year ago. On growth, which predicted earlier, Elon Musk, can not speak, but there is no stability. However, the company is in dire need of available funds. Another proof of this was unusual treatment Mask suppliers: it is asked to return the part previously paid by the funds. This tells The Wall Street Journal, citing a letter signed by the head of Tesla.

The experts at the end of 2017 at "Tesla" was only $3.4 billion of cash. Maybe it's not such a small sum, but it must be weighed against the costs. In the first quarter of 2018, the loss of the manufacturer reached a new record of $710 million. Not yet released data for the second quarter, but when you consider that the Tesla costs have steadily increased, until in the bins manufacturer left not so much money.

In a new letter to Elon Musk allegedly asked the largest providers return some portion of the payment that Tesla carried out in 2016. Allegedly, these funds will be accounted for as a reduction in the price of previously purchased accessories, and the money will be used to provide the current health of your enterprise and investing in future projects.

Obviously, this request is not the norm for the automotive industry and companies from other sectors. Once Elon Musk has dared at this step, the Tesla really is in a difficult situation.

It is possible that now the American company was at a turning point: previously, experts have repeatedly stated that for sustainable "Tesla" is necessary to produce 5 000 copies Model 3 a week. For the first time this rate of production was recorded in the last week of June (though it took to organize the Assembly is actually in an open field).

It is noteworthy that recently the engineering research and consulting firm Munro & Associates priznala Tesla Model 3 electric car as the most profitable in the world. Supposedly on each copy sold, the manufacturer can earn at least 30% of its price that is incredibly high by the measures of conventional cars with internal combustion engine. In this case the assumed proceeds for the basic version, which will cost from $35 000 to be lower.