Tesla’s suppliers worry about getting paidThe carmaker’s shares went on a roller-coaster ride yesterday. Another hit looks likely today, after the WSJ reported a survey of auto parts suppliers in which 18 of 22 respondents rated Tesla a risk to their businesses. And in some cases, public records show, small suppliers over the past several months have claimed they failed to get paid for services supplied to Tesla. Elon Musk responded that when his company hadn’t paid promptly, it was sometimes because the suppliers had sent the wrong parts. He added the following reassurance: “We are definitely not going bankrupt.”More in Tesla news: Axios describes how SpaceX could help finance a Tesla take-private, a prospect its non-Musk investors dread.

Source: New York Times August 21, 2018 10:15 UTC