suppliers – Page 2 – One America News Network

Musk’s SpaceX is quick to build in Texas, slow to pay its bills

A review of Texas property records shows that SpaceX can be far slower to pay builders and suppliers than they are to break ground.

The Elon Musk-led company’s shares fell 5.3% in early trading and were on track to lose about $30 billion in market value.

A near-term global slowdown is causing pain, including bankruptcies, scrapped initial public offerings and production cuts.

Tesla has told suppliers it wants to start production of a new mass market electric vehicle codenamed “Redwood.”