Tesla told its landlords it would like to discuss options “so we can continue to partner and work together to ensure a continued and mutually beneficial relationship”
Tesla Inc. has reached out to at least some of its landlords seeking rent reductions, according to firms contacted by the car company, as the auto maker looks for cost savings in response to the novel coronavirus outbreak that has closed much of its business.
“The rapid world pandemic that is now affecting our country has led Tesla to make strategic decisions to ensure the company’s long term success and growth,” read an email the company sent to landlords that was reviewed by The Wall Street Journal. “As a result of the increasing...
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon Seeks to Hire Another 75,000 WorkersThe e-commerce giant plans to hire 75,000 additional workers, the latest move by the company to staff up as the coronavirus pandemic pushes consumers to buy more products online.
Read more »
Stocks making the biggest moves after hours: Roku, AMC, Tesla and moreCheck out the companies making headlines after the bell.
Read more »
Zara Tindall has painted her horse Toytown to raise money for Equestrian Relief, which supports the NHSThe Queen's eldest granddaughter Zara Tindall is raising money for the NHS amid the coronavirus pandemic
Read more »
Prince William says British public 'all pull together' during a crisis as he becomes patron of the National Emergencies TrustThe Duke of Cambridge praised community spirit amid the coronavirus crisis
Read more »