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Tesla shares drop after embarrassing memo leaks

Tesla shares drop after embarrassing memo leaks

Tesla shares drop after embarrassing memo leaksElon Musk unveils the Roadster 2 during a presentation in Hawthorne, California, on 16 November 2017. Tesla took another financial hit on Monday, with shares in the company dropping almost 5% after the electric automaker was reported to have asked some US suppliers to return payments to the money-losing company. The disclosure was contained in a memo sent last week by a global supply manager and obtained by the Wall Street Journal. In it, the manager described the payments as essential to Tesla’s operation.

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