Tesla could actually be in the best position of any automaker to deal with the coronavirus pandemic
Tesla announced last week that it would suspend production at its California factory as the state locked down to deal with the COVID-19 coronavirus pandemic.
Tesla is also bringing its China factory back online as the coronavirus crisis eases there, meaning that it could make up for lost US revenue.Tesla announced last week that it would shut down all but essential operations at its factory in Fremont, California, just a few hours before Gov. Gavin Newsom effectively locked down the entire state to combat the COVID-19 coronavirus outbreak.
The US car business hasn't faced anything like this, ever. After the terrorist attacks of September 11, 2001, and then during 2008-09 financial crisis, the plants kept running. World War II found Detroit repurposing car-making to build tanks and planes for the troops, but again, the lines kept moving.You could look at Tesla, with its still-growing electric-car operations and see a uniquely vulnerable company.
GM, Ford, and FCA, on the other hand, have been steadily profitable for the past five years, amid a sales boom in the US that's witnessed a market at record- or near-record levels. That streak could be broken for the first quarter, and when big automakers start losing money, their balance sheets are tested.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
How Elon Musk took Tesla to hell and back with the Model 3Growing Tesla from the Roadster to the Model 3 was a bumpy road — and Wall Street was along for the wild ride. Just how exactly did Elon Musk and Tesla start an electric car revolution? Take a look back at Tesla's storied history:
Baca lebih lajut »
New York On 24-Hour Coronavirus Shutdown, State 'On Pause'New York state is telling all non-essential workers to stay home during the coronavirus pandemic.
Baca lebih lajut »
Who gets the ventilator? British doctors contemplate harrowing coronavirus care choicesWho gets the ventilator? British doctors contemplate harrowing coronavirus care choices by AndyMacaskill and StephenGrey
Baca lebih lajut »
XFL Officially Cancels Season Due To Coronavirus, We Had No Choice!The XFL is done until 2021 due to the coronavirus pandemic.
Baca lebih lajut »