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.
Trump remains upbeat about prospects of DPRK denuclearization: Pompeo
Delattre said it was important to avoid "any premature signal of a loosening of sanctions that would be a counter-message". The North has conducted at least 89 such transfers in the first five months of this year alone, according to Pompeo.
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.
Microsoft surges to record high as Wall Street cheers the cloud
Microsoft has three principal business units: Cloud, Productivity and Business Processes, and Personal Computing. Wall Street analysts surveyed by Bloomberg were expecting earnings of $1.08 a share and revenue of $29.2 billion.
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.
Thomas wins second mountain stage as Martin loses time
Four-time champion Froome, however, is the more experienced rider, having already won all three grand tours. After the tenth stage, the Belgian broke away from nearest rival by nearly two and a half minutes.
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.