Some Tesla Inc. TSLA, +0.96% suppliers are concerned about the auto maker's financial strength after Model 3 production drained the company's cash, according to a report in The Wall Street Journal that cited industry executives and documents. Several suppliers interviewed by the newspaper said Tesla has tried to stretch out payments or asked for significant cash back, according to the report. In some cases small suppliers claimed they weren't paid, the report said, citing public records. "We're not behind because we can't pay them," Tesla Chief Executive Elon Musk told the Journal in an interview Friday. Tesla shares extended their losses to a fifth session Monday as JP Morgan analysts said in note they believe a going-private deal is potentially far from being formal.

Source: Wall Street Journal August 20, 2018 19:49 UTC