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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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Comment9

  • BK99
    ·02-06
     SAP is only one company and how many Tesla can they buy ?????
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  • MrKiasu
    ·02-06
    Tesla waste of time...
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  • newmoney
    ·02-06
    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. 
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  • nywles
    ·02-06
    Thanks 
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  • Legacy car manufacturers are giving a (NOT up ) touch competition.. 
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  • 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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  • It is a mistake to set up factory at Germany, so if German supplier don't accept, pack up and go for other country, no point of staying and pay for high workers salary. 
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    • Brother272005
      I think if tesla set up at asia country, wont have such problem. Asis people like to share the joy and good thing to other races. So elon, please consider asia as taxes is lower than germany.
      02-23
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  • Oh no   Another blow for  Tesla!
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  • ATM228
    ·02-05
    So,,, TESLA price cut is bad for SAP budget planning? 
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