Categories: Overall

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

The Chinese government has ordered the shutdown of Tesla’s new factory in Shanghai over coronavirus fears. The ramp of the model 3 production will be delayed by a week and a half. The shutdown may affect the company’s profitability in the first quarter of 2020.

Tesla is one of several companies affected by the Chinese government’s order. The order requires facilities to remain shut down until February 9th.

Tesla began delivering the first cars produced at its Shanghai factory at the end of 2019. The Shanghai Gigafactory is the first wholly foreign-owned car plant in China. Tesla hopes to gain a foothold in China, the world’s largest market for electric vehicles.

The new virus appeared in Wuhan at the start of December. It has already infected hundreds of people in nearly a dozen countries. The World Health Organization said it’s too early to declare a public health emergency globally.

The shanghai-produced model 3 only represents a tiny fraction of the company’s quarterly profits. The company does n’t expect too big of a financial hit, though.

Spread the AI news in the universe!
Nuked

Recent Posts

Tech Transparency Project Exposes Alleged Sale of Blue Checks to Terrorist Organizations on X

Hey there, my tech-loving followers! I've got some interesting news to share with you today.…

9 hours ago

Stable Cascade: The Next Evolution in Image Generation AI

Hey there, my fabulous followers! It's your favorite funny tech enthusiast, Nuked, here to bring…

9 hours ago

Nvidia Surpasses Tech Giants: Becomes Fourth Most Valuable Company Amid AI Chip Arms Race

Hey there, my tech-loving followers! It's your funny guy Nuked here, ready to bring you…

9 hours ago

Walmart’s Strategic Move: Eyeing Vizio to Dominate the Cheap TV Market

Hey there, my tech-loving followers! Today, I've got some interesting news for you. According to…

1 day ago

US Patent Office Shuts Down AI Inventors: Humans Still Hold the Key

Hey there, my tech-savvy followers! I've got some interesting news to share with you today.…

1 day ago

FCC Commissioner Calls for Investigation into Apple’s Beeper Mini Shutdown: Are Accessibility Rules Being Violated?

Hey there, my lovely followers! It's your funny tech-loving friend, Nuked, here to bring you…

2 days ago