However, in a statement released later on Monday, a spokesman for Tesla said it had asked "fewer than 10 suppliers for a reduction in total capex project".
The Journal reported that Tesla had turned to some suppliers for a refund of previously made payments in a bid to turn a profit, citing a memo sent by a Tesla global supply manager. Tesla has repeatedly said it will become profitable by the end of 2018, but has struggled amid production issues that have plagued its Fremont, California assembly line.
Sony Reveals "Amazing Red" Spider-Man PS4 Pro Bundle
Back in April they released a limited edition God of War bundle , and it was awesome. Marvel's Spider-Man is a new open world take on the superhero game genre.
While certainly an ambitious goal given Tesla's history, there's reason to believe that Musk's promise might actually pan out. Tesla held about $3.2 billion in cash after the first three months of the year, having spent about $1 billion through March.
It's not so unusual for carmakers to ask suppliers for discounts retroactively, and some Japanese automakers have done it before, said Tatsuo Yoshida, an analyst at Sawakami Asset Management Inc.in Tokyo, who worked at Nissan Motor Co. between 1983 and 1999.
Israel strikes Gaza after its soldiers come under fire
The United Nations has urged Hamas and Israel to "step back from the brink" as tensions between the two sides continue to flare. Last weekend saw the most severe exchange of fire between Israel and Palestinian militants in Gaza since the 2014 war.
This strategy is part of a plan announced previous year where Tesla was able to negotiate longer payment terms to about 60 days for Model 3 parts, which would allow the auto maker to make the vehicle and get paid for it before the bill is due to suppliers. It suggested that all Tesla suppliers were being asked to make partial refunds, but some of the companies that the WSJ talked to denied any knowledge of such a request.
Tesla did not immediately respond to a request for comment from CNNMoney. It is spending about $1 billion a quarter as it ramps up manufacturing of the Model 3 sedan, a lower-priced auto that is key to Tesla's plans of becoming a major mass-market automaker. Even though Tesla is making more of the sedans, the company won't complete delivery and collect revenue for many of them until the third quarter, Whiston said.
Gunman dead after shooting 14, killing one, in Toronto: Canadian police
At this time, the conditions of the victims are unknown and a young girl is among those who were shot, police said on Twitter. A mass-shooter is dead after opening fire on a group of people outside a restaurant near downtown Toronto .
Tesla shares pared losses and were down 2.7 percent at $305.01. "It would not be correct to apply historical cost savings to current quarter", Musk tweeted.