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Tesla temporarily closes Shanghai factory over coronavirus concerns

Mimi Sabreena 10:24:00 AM Business

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Tesla was ordered by the Chinese government to shut down its Shanghai factory over concerns about the coronavirus, a closure that will delay Model 3 production and ultimately put slight downward pressure on profits in the first quarter, the automaker’s finance chief Zach Kirkhorn said during an earnings call Wednesday. Prior to the call, Tesla …

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