Tesla (TSLA) does not pay their accounts and destroys small American businesses

Tesla (TSLA) does not apply to its accounts, which led to at least two small American trade bankruptcies. The automaker has had more than $ 110 million over the last 5 years in connection with suppliers.

CNN publishes a new report that examines links to claims from suppliers hired by Elon Musk in Texas, especially Tesla.

In Texas, suppliers have links to files for more than 110 million against Tesla in the last five years. According to the report, more than $ 24 million are reported to be owed.

In two cases, suppliers, most often small American businesses, had to submit bankruptcy for unpaid accounts.

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The report emphasizes the example of a small welding company with a pipe that landed with a Tesla contract with more million dollars to build a Gigafactory Texas in Austin in 2022.

The owner, Jennifer Meissnerová, gave her entire project crew for a year, hired more people and Bushht new equipment for the project included some of the loans that guarantees:

For the first seven years, Meissnerova was in business, we feared that she had paid too late to pay her workers, Shet CNN said. After securing a trade agreement with Tesla in 2022, she said the annual income of her company had exponentially grown and hired even more employees. With the development of business, she also hoped that she would finally be able to start allocating money for her daughter with special needs she accepted at the age of seven.

Her dream quickly turned into a nightmare when Tesla stopped paying her accounts. It started incredible pressure on Meissner’s company, which led her to take more loans and think that Tesla would pay elegantly.

In the end, this led to her inherently to pay her own employed and subcontractors, and eventually contributed to her own bankruptcy.

Tesla eventually paid $ 650,000 to cover its subdontrators, but claimed it was “crowded”.

Another local company, Full Circle Technologies, found itself in a similar situation after Tesla did not pay them $ 600,000 for installing a security system in the factory:

In bankruptcy Filings, Full Circle Technologies Said Tesla Owed It Nearly $ 600,000 and That It Was “Forced to Take On Short Term High Interest Loans to Bridge The Gap Between Performing The Work for Tesla and the Payment For Services. When and Creditor Began ACCOUNTS, The Company Said Its Had No Option But to File for Bankruptcy.

Another case was Sun Coast Resources, a company that delivered fuel to the Tesla factory and claimed that the automaker did not pay millions of accounts.

In this case, Tesla has never denied receiving the fuel or subparagraph, but provides countless procedural reasons to explain why it did not pay.

The case was advertised a little at the beginning of this year and was reportedly solved after publicity.

All these cottages are associated with Tesla, but some try to be Modus Operandi Elon Musk, because his other companies also have many demands against them.

The report found that seven companies that asked for bankruptcy after Twitter simply stopped paying their accounts after Musk had acquired the company.

One of Tesla’s subcontractors said about Muska:

“His goal is now to go through Everty – he does not care about what or who has an impact – to save the future of the world,” one entrepreneur said about his impression of Musk. He spoke anonymously with the CN and said he was Muska’s fan, but that Tesla had a reputation in Austin, that he was leaving the suppliers desperate to get paid – noted that the company had to take additional credit lines while waiting for payment from Tesla. “Tesla was probably one of the only societies with which we traded that it just felt as if it absolutely did not care about the elimination of the company from the business.

In one of the references, Tesla’s own external advisor agreed that Tesla was not great in paying in time. He said, “I disagree that it takes some time to pay, it also applies to legal accounts … I know it well.”

Electrek’s take

It is who for someone who says the company “does not care about the elimination of Anch from business by not paying what you owe” and “I am still a fan” in the break.

The apology “to save the future of the world” makes no sense, if it also becomes “accidentally”, it results in Muska to become very rich, while his suppliers will go bankrupt.

If so, the goal is not to save the future; Rich.

Looking at the claims in the report, Tesla has the reputation of bad payments. It is clear when his own external advisor complains about this in the middle of Defnding Tesla against the demands that he will not pay his accounts.

Some of them are simply because the seats slip between the pillows. Tesla has about $ 13 billion at the moment.

But he sees that it is his way of doing business, it also applies to more than $ 100 million in links only in Texas, and only for Tesla. Musk took advantage of a similar approach in other companies, including Twitter suppliers that they would only be PA.