SAP Removes Tesla from List of Company Car Suppliers

Reuters02-05

BERLIN, Feb 5 (Reuters) - German software company SAP will no longer source its company cars from Tesla due to unpunctual deliveries and price fluctuations, daily Handelsblatt reported on Monday.

Tesla shares fell over 3% on the news.

Handelsblatt cited SAP fleet manager Steffen Krautwasser as saying that Tesla's list prices fluctuate more than those of other manufacturers, which makes planning more difficult and poses a higher risk for the company.

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Comments

  • BK99
    02-06
    BK99
     SAP is only one company and how many Tesla can they buy ?????
  • MrKiasu
    02-06
    MrKiasu
    Tesla waste of time...
  • newmoney
    02-06
    newmoney
    First time I've hoped a share I own drops more , if it drops more then my original buying price I can buy more and wait for it to go back up. 
  • GianniTigerSecurity
    02-06
    GianniTigerSecurity
    Legacy car manufacturers are giving a (NOT up ) touch competition.. 
  • GianniTigerSecurity
    02-06
    GianniTigerSecurity
    Well expect more headwinds for Tesla as we move forward. The ride will be a bumpy one all the way, the usual Elon/Tesla Style. Competition is tough as other legacy car manufacturers are giving up tough competition to Tesla along with Chinese manufacturers  such as BYD etc. Tesla needs to prove on the balance sheet it's not just a car manufacturing company. As of now, over 80% of its sales revenue & profits are from Cars that it manufacturers. On top that the recent court ruling against Elon’s pay package, all these factors contribute Tesla's fall, expect more such falls in the near future. But from mid to long term investment point of view, Tesla may still give investors reasonable returns provided its able to catch up on its other sectors as well. 
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