August 20, 2018 / 4:39 AM / a year ago

PRESS DIGEST-New York Times business news - Aug 20

Aug 20 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- Tesla Inc has undertaken drastic measures as it seeks profitability, cutting costs and even erecting a tent-covered third assembly line at its manufacturing plant. The company is under pressure from Wall Street to make good on its promise that it will turn a profit in the third quarter and has been plagued by Model 3 manufacturing issues.

- U.S. Federal authorities investigating whether President Donald Trump's former personal lawyer and fixer, Michael Cohen, committed bank and tax fraud have zeroed in on well over $20 million in loans obtained by taxi businesses that he and his family own. (Compiled by Bengaluru newsroom)

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