wsj-tesla-asks-suppliers-for-cash-to-stay-afloat

This latest news brings into further question Tesla’s cash flow issues which have reportedly become worse in recent years. The company is reportedly burning through approximately $1 billion a quarter and finished their first quarter with $2.7 billion available. The company promised to bring their expenditure down below $3 billion this year, the company burned through $3.4 billion last year. The companies loss in the first quarter was approximately $710 million, marking the fifth consecutive quarter of losses.