Tesla asks suppliers to refund money, trying hard to save cash flow

Tesla asked some suppliers to return part of the money they paid since 2016. Tesla said this was necessary to continue operating.

To save its own cash flow, Tesla asked some suppliers to return part of their payments to help the company achieve profitability.

Tesla claims that doing so is also an "investment" by suppliers in Tesla, which will be beneficial to the long-term performance growth of both parties.

This move has triggered more doubts in the market about whether Tesla still has sufficient cash flow to maintain daily operations.

Tesla is about to release its second quarter report on August 1, and its stock price may be put to the test. Currently, JPMorgan Chase is strongly shorting Tesla.

Analysts at JPMorgan Chase reiterated their "sell" rating on Tesla, citing Tesla's overvaluation, intensified industry competition, and were not optimistic about Tesla's second quarter report.

Ryan Brinkman gave a target price of $180, which means he believes the stock will fall 40%.

So far this year, Tesla has risen nearly 3%, while the S&P 500 has risen nearly 5%.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.