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China Coronavirus Update: Tesla Shuts Down Mainland Stores Over NCoV Outbreak

China Coronavirus Update: Tesla Shuts Down Mainland Stores Over NCoV Outbreak

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  1. This is the best tl;dr I could make, [original](https://www.ibtimes.com/china-coronavirus-update-tesla-shuts-down-mainland-stores-over-ncov-outbreak-2917549) reduced by 76%. (I’m a bot)
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    > The sole reason for both drastic moves: prevent the raging Novel coronavirus outbreak sweeping mainland China from spreading among Tesla employees and customers.

    > The sudden Wall Street sell-off of Tesla's stock Wednesday was triggered by a statement from a Tesla executive at the company's Gigafactory Shanghai who said Tesla electric vehicles initially scheduled for delivery in early February will be delayed due to the outbreak of 2019-nCoV. Electric carmaker Tesla said it boosted deliveries of its most affordable vehicle, the Model 3, as it delivered a surprise profit in the past quarter.

    > Lin's statement echoes that of Tesla CFO Zach Kirkhorn who said during the company's earnings call last week Tesla expects "a one- to one-and-a-half-week delay in the ramp of Shanghai-built Model 3 due to a government-required factory shutdown" related to the raging coronavirus outbreak.

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    [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/f08yy1/china_coronavirus_update_tesla_shuts_down/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ “Version 2.02, ~466133 tl;drs so far.”) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr “PM’s and comments are monitored, constructive feedback is welcome.”) | *Top* *keywords*: **Tesla**^#1 **Shanghai**^#2 **stock**^#3 **percent**^#4 **close**^#5

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