Furloughed Tesla workers appear to be getting ready to return to the electric-car maker's San Francisco Bay Area assembly plant after a 6-and-a-half week shutdown
trading to $812.76, presumably because investors are pleased with the restart plan. The stock has more than doubled since tumbling in mid-March, buoyed by the carmaker’s positive first-quarter results. The increase despite the ongoing health crisis, massive economic downturn and U.S. unemployment approaching 15%, seems premature as sales are likely to suffer in the second and third quarters due to diminished consumer demand for big-ticket items. “manufacturing and logistics associated.
Separately, media reports say Tesla’s new Shanghai plant, which opened in January and continued building Model 3 electric cars throughout much of the health crisis, has temporarily halted production work, owing to parts shortages. The company told factory workers this week that the five-day break for China’s Labor Day holiday would be extended to May 9, 2020,Fremont’s closure led Tesla to implement across-the-board pay cuts for all employees in April, as well as furloughs for thousands of U.S. factory workers who were instructed to apply for unemployment. Meanwhile, Musk this week appears to have
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