Tesla Inc (NASDAQ:TSLA) CEO Elon Musk forecast the company would be profitable in its third and fourth quarters this year. But the way in which the automaker may reach that goal is concerning some investors.
The electric-car maker is reportedly asking some suppliers for refunds in order to hit its goal, as per a report by the Wall Street Journal.
READ: It’s going to cost more to buy a Tesla as carmaker to lose the generous federal tax credit for electric cars
According to a Tesla memo sent to a supplier, the company requested a return of “a meaningful amount of money of its payments since 2016.”
The automaker has yet to comment on the report.
Shares of Tesla were down nearly 4% to US$302.00 in Monday pre-market trading.