# Professor Edward Altman comments on the implications of Tesla's retroactive price negotiations with its suppliers

1 Faculty News July 23, 2018 ![Los Angeles Times logo](/sites/default/files/styles/246w/public/assets/images/con_032838.jpg?itok=d4eVwIbD)>

Excerpt from [Los Angeles Times](http://www.latimes.com/business/la-fi-hy-tesla-stock-20180723-story.html) -- "A bankruptcy specialist is skeptical as well. [Edward Altman](http://www.stern.nyu.edu/faculty/bio/edward-altman), professor emeritus at New York University’s Stern School of Business, said, 'This is a pretty serious thing they’re doing. It’s definitely a signal, a very bad signal, as to their financial condition. It seems like a desperation play.'"

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