WSJ july 22, 2018. Elon musk is asking for donations to save tesla inc. "The wall street journal reported that tesla asked some suppliers to refund a portion of what tesla owes them." Here is the situation- Tesla's accounts payable balance was 2.6 billion at the end of the first quarter. Net working capital was at -2.27 billion in march, 2018. A year ago, that figure was $780 million. Explain how Mr. Musk's request for "donations" would impact Tesla's financial position.
The donations would improve on the financial position of Tesla by salvaging the net... View the full answer