Skip to main content

Tesla says China has ordered its Shanghai factory shut down over coronavirus fears

CHINA-SHANGHAI-TESLA-GIGAFACTORY-MODEL Y (CN) Xinhua/Ding Ting via Getty Images

The Chinese government has ordered the shutdown of Tesla’s new factory in Shanghai over coronavirus fears, which will delay the company’s production of the Model 3 there, executives announced in a call with investors. The ramp of the Model 3 production will be delayed by a week and a half and the shutdown may “slightly” impact the company’s profitability in the first quarter of 2020, Tesla finance chief Zach Kirkhorn said.

“At this point we’re expecting a one to one-and-a-half week delay in the ramp of Shanghai built Model 3s due to a government required factory shutdown,” he said on the call.

Tesla began delivering the first cars produced at its Shanghai factory at the end of 2019. The deliveries marked an important milestone for Tesla,...

Continue reading…



from The Verge - All Posts http://bit.ly/3aTz7aD

Comments

Popular posts from this blog

Humankind generates upto 100 times as much CO2 as venting from volcanoes each year: Report

via Firstpost Tech Latest News http://bit.ly/2mMIpB4

Fairphone 4 Sustainable Smartphone With Snapdragon 750G SoC Launched: Price, Specifications

Fairphpne 4 was launched on Thursday as the latest smartphone by the company that is claimed to be "ethical, reliable, and sustainable." It is powered by a Snapdragon 750G SoC paired with up to 8GB of RAM and up to 256GB of onboard storage. Fairphone 4 will be offered with 5 years of warranty and will get two major software updates. from Gadgets 360 https://bit.ly/2Y1Ng3N