after the Lunar New Year following government guidelines due to the outbreak of the new coronavirus, which has now infected at least 24,000 in more than two dozen countries and killed about 490 in China.
"The proposed delivery in early February will be delayed," Tao Lin, vice president at Tesla, announced on Chinese microblogging service Weibo, according to a CNBC translation, in response to a question from a user. "We will catch up the production line once the outbreak situation gets better." Tesla Chief Financial Officer Zach Kirkhorn said on the company's quarterly investor call last week that its Shanghai factory will remain closed for an extra week to week-and-a-half.
"This may slightly impact profitability for the quarter but is limited as the profit contribution from Model 3 Shanghai remains in the early stages," he said.
Source: Car News Wire (carnewswire.net)
First commercial victim. Only symptoms coming out. Need some quarantine period to recover. God bless.. Corona Virus should not impact world economy.
Investeraren
no worries... lots of folks will buy in on the dip
And somehow apparently the rest of the market is immune from the effects of the virus. The other sectors must not be paying attention.
So it went up 20%, then plummeted? Seems like a healthy stock to buy into.
CanadaPotstocks Hugely overvalued company.
Umm, stop pretending this run up in TSLA is anything related to fundamentals. I like TSLA as a company but, the stock is another animal.
Also because it was up like 20% yesterday
TheCrittaC looooooool
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