• 8 hours How A Pandemic Made Americans Better Workers
  • 12 hours The Trillion Dollar Space Race Crosses Another Milestone
  • 16 hours Gold Prices Fall As Stock Market Sentiment Turns Positive
  • 1 day Conspiracy Theories Set Tone For 5G Cold War
  • 1 day Working From Home Will Transform The Energy Industry
  • 1 day The Multi-Billion Dollar Race For A Vaccine
  • 1 day Can Domestic Tourism Bolster Emerging Economies?
  • 1 day Australia Considers $100 Million Investment To Kickstart Mining Industry
  • 2 days Has Re-Opening The Economy Been Successful?
  • 2 days Gold Miners Still Have Massive Upside Potential
  • 2 days The Risky World Of Oil Hedging
  • 2 days Africa Turns To Innovation Amid The Global Pandemic
  • 2 days COVID-19 Sparked A Bicycle Boom
  • 2 days Will Government COVID Intervention Cause Inflation?
  • 2 days The Bitcoin Miner That Is Paid To Do Nothing
  • 3 days Capital Gain vs. Capital Consumption
  • 3 days Tesla’s Latest Battery Innovation Ready For Use In China
  • 3 days China Targets Hong Kong As Cold War With US Heats Up
  • 4 days No Shirt, No Shoes, No Mask, No Service
  • 6 days Insurance Companies Are Turning People Away As COVID-19 Crisis Escalates
No Shirt, No Shoes, No Mask, No Service

No Shirt, No Shoes, No Mask, No Service

Despite the #inthistogether and #alonetogether…

COVID-19 Sparked A Bicycle Boom

COVID-19 Sparked A Bicycle Boom

As social distancing is the…

Oilprice.com

Oilprice.com

Writer, OilPrice.com

Information/Articles and Prices on a wide range of commodities: We have assembled a team of experienced writers to provide you with information on Crude Oil,…

Contact Author

  1. Home
  2. News
  3. Breaking News

Tesla Reopens Chinese Factory After Coronavirus Scare

Tesla Factory Coronavirus

Tesla’s Shanghai Gigafactory resumed operations on Monday after weeks of a government-mandated temporary shutdown due to the coronavirus outbreak in China, Japanese outlet The Asahi Shimbun reported today.

Tesla restarted work on its China-built Model 3 in the Pudong Xinqu area of Shanghai on the morning of February 10, the publication said, citing a driver of shuttle buses for employees.

Some 40 shuttle buses, compared to the typical 100 buses, took local employees to the Shanghai factory, the driver said.

“Employees who have returned from outside the city cannot come to work because they are required to be quarantined for 14 days,” the driver told The Asahi Shimbun, adding that those who reported for work on Monday are only part of the employees who have been given the all-clear and do not need to be quarantined.  

In early January, Tesla delivered its first cars to customers from its newly built Gigafactory in Shanghai, just a year after it broke ground on the site for the construction of its Gigafactory in China. 

The coronavirus outbreak later in January halted a lot of industrial activities in China and forced the authorities to extend the Lunar New Year holidays, while a number of foreign firms closed shops, offices, restaurants, and production lines. Related: The Biggest Challenge Facing West Africa's Single Currency Plan

In its Q4 earnings call at the end of January, Tesla’s chief financial officer Zachary Kirkhorn said, in reference to the virus impact on the company’s operations in China:

“At this point, we're expecting a 1 to 1.5 week delay in the ramp of Shanghai built Model 3 due to a government required factory shutdown. This may slightly impact profitability for the quarter, but is limited as the profit contribution from Model 3 Shanghai remains in the early stages.”

This weekend, a government official from Shanghai said - as carried by Reuters - that the local authorities would help manufacturing firms, including Tesla, to restart production in and around the city as quickly as possible.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment