Tesla shares fell as the company reported that it has received more than $1 billion in payments from its debt holders and said it is investigating whether the company has breached its commitments to creditors.
The stock fell as much as 3.6% on the news that it received more payments.
Tesla is also in talks with banks to make payments on some of its loans, said Elon Musk, the company’s chief executive.
Tesla’s stock, which was trading below $70 on Wednesday, was down more than 8% in early trading on Thursday.
“We are in active discussions with lenders and are continuing to explore the scope of our obligations and how we can make those payments,” Musk wrote on Twitter.
Tesla had said in January that it was in discussions with some lenders about making a payment to creditors on some debt it owes.
The company also said it had been in discussions for some time with banks about payments to creditors and would make a payment if it received a loan that would meet certain criteria.
“The fact that we’ve been in this for some years is pretty telling,” said Peter Lee, head of debt-sustainability research at Standard & Poor’s Ratings Services.
“It’s the first time in the history of the company that we’re talking about payments and that’s pretty important.”
Tesla said it would be releasing more details about the payments when it was done.
“In the coming weeks we will be providing a more detailed and detailed explanation of our financial position,” the company said in a statement.
The $1.1 billion payment to its debtors included a $1 million payment from Deutsche Bank AG.
The payment is a form of interest payments and could be a payment that is made to Tesla or another lender, Tesla said.
It was the first of its kind to be made by a U.S. company to a foreign creditor.
Tesla said in March that it would make $1,000 payments to foreign creditors to resolve the outstanding debt.
The payments were also made in October and December, the same time it was making the payments to its customers.
“This latest payment is another indication that Tesla is committed to our customers and their continued investment and will continue to do so as the years progress,” Musk said in the announcement.
Tesla also said that it had taken steps to prevent its debt from defaulting.
It has a $50 billion credit facility with its customers, including customers of the electric car maker, which will pay the company for energy it uses for its cars and the energy used to produce electric cars, the statement said.
Tesla was in bankruptcy protection in late 2016, when it filed for Chapter 11 protection.
Tesla reported a loss of $17.6 billion in the second quarter of 2017, its worst quarterly loss since 2011.
The automaker’s shares are down more.
Tesla has struggled to make money and has been trying to find ways to improve its finances.
The electric carmaker has struggled for years to make more money, with its stock trading below its IPO price of $80 in 2011 and falling to a low of $40 in late 2015.
Tesla sold about 1,200 of its cars last year, according to a Bloomberg analysis of regulatory filings.
The sale was one of the largest single-day sales in the company, though it had a long history of selling cars at inflated prices.
Tesla posted record quarterly profit in January, but it also had to lay off workers and cut its workforce by half in March, according the company.
It said it was also considering eliminating more than a third of its employees.
Tesla did not respond to requests for comment on Thursday about the latest payments to investors.
“As we’ve discussed, we believe that our credit and operating balance is strong,” the statement from Tesla said of the $1 in payment.
“While the current situation is challenging, we remain committed to the long-term success of Tesla and our customers.”
Tesla has been dealing with a variety of financial issues in recent months, including a recent bankruptcy and a dispute over an unpaid tax bill.