Geneva International Motor Show Cancelled Over Health Concerns
The Geneva auto show has been cancelled due to health concerns about the coronavirus.
The Geneva auto show has been cancelled due to health concerns about the coronavirus.
The Coronavirus crisis in China will likely have far-reaching ramifications across the world as manufacturing has slowed down sharply. Among the various sectors likely to feel the pinch of this spreading disease is the solar power sector.
The coronavirus is knocking the Chinese electric car market for a loop, with some companies reporting a 50% decline in sales or more.
Tesla has resumed operations in China. Its Gigafactory 3 (Giga Shanghai) was temporarily halted, along with all manufacturing operations in China, by the Chinese government in order to focus on containing the spread of the coronavirus.
The coronavirus is daunting, and while many are fearful, many more are stepping up to help make an impact and save lives. Tesla China is helping with the fight against the coronavirus by donating ¥5M to the local CDC in hopes of helping to fight the fast-spreading outbreak.
This may hit Tesla’s stock a little hard, but as always, Elon Musk sees the bigger picture. Analysts and investors may freak out and sell their shares, but Tesla is all about helping people.