According to Bloomberg, many workers were supposed to return Wednesday following a national holiday which spanned May 1 through May 5, but were told by Tesla to extend the break and return on May 9. The reason for the shift was thanks to part shortages, according to a local tech site cited by Bloomberg. In a statement to Bloomberg, Tesla said it was conducting normal maintenance and used the holiday break to do so.
With its Fremont, California idled due to the coronavirus, the shutdown in Shanghai — which only recently re-opened from a similar pandemic stoppage — effectively means Tesla is producing no vehicles. Tesla posted a surprise profit in the first quarter in April, but the shutdowns only briefly affected the three-month period ended March 31. Executives warned that the work stoppages could be a drag on Tesla's financial performance.
"The extended shutdown in Fremont will have an impact on our near-term financial performance, and we will need to work through how quickly we'll be able to ramp production to prior levels," CEO Elon Musk said on a conference call on April 29. He also called the shutdowns, designed to slow the spread of the coronavirus,
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla investors making mistake by ignoring factory shutdown: expert - Business InsiderTesla investors should brace for an ugly couple months as the company's US factory remains closed indefinitely, analyst warns
Source: BusinessInsider - 🏆 729. / 51 Read more »
Tesla preparing to restart operations despite stay home orders: report - Business InsiderSome employees returned to work at the company's Fremont plant Wednesday to prep the plant for reopening, the San Francisco Chronicle reported. Paranoid has destroyed you Musk you money grabbing sob you are so broke! Musk was a fool for locating his Tesla plant in Kalifornia.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Coronavirus: China accuses UK of 'cold war mentality' towards Beijing - Business InsiderLiu Xiaoming said that UK MPs who were critical of China were not in step with Boris Johnson or the UK Parliament. Chinese Communist are just Bullies, The World is Wide Awake to their Tactics. If this happens I feel bad for future IGCSE and A level history students 😂 Nayhrma Fuck. We warn you, China! FuckChina
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump says coronavirus 'worse than Pearl Harbor,' and blames China - Business Insider'This is worse than Pearl Harbor. This is worse than the World Trade Center. There's never been an attack like this,' Trump said at the White House. I guess we need to cut our Intelligence agencies if they need to rely on truth from foreign governments to protect us. He opened the door.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Fox Business Sets ‘America Vs. China’ Documentary Anchored By Maria BartiromoMaria Bartiromo will anchor a one-hour Fox Business documentary America vs. China, at a time when President Donald Trump and others are casting blame on Beijing for their handling of the coronavir… 'Helping the idiot who cut rich people's taxes and convicted poor people THEY got the tax cut re-elected' was already taken? Is this where Maria rehashes Trump's lie that China is paying the tariffs and not Americans?
Source: DEADLINE - 🏆 109. / 63 Read more »