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Coronavirus live updates: Wuhan eases lockdown, Tesla will slash employee pay and furlough employees [CNBC]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: CNBC
This is a live blog. Please check back for updates. The data above was compiled by Johns Hopkins University as of 7 a.m. Beijing time. All times below are in Beijing time. Tesla will cut pay for all of its employees and furlough all hourly workers until May 4, when it intends to resume production of electric cars, according to an internal e-mail that multiple employees shared with CNBC. Health orders implemented to curb the spread of COVID-19 have forced the electric vehicle maker to wind down new vehicle production at its main car plant in Fremont, California. Last week, Tesla informed staffing agencies that it would be ceasing all contract work until further notice. Hundreds of temps were dismissed from their Tesla gigs as a result. – Lora Kolodny The coronavirus crisis encompasses several generations and its consequences will likely be far more serious than past financial crises, according to K. Shanmugam, Singapore's home affairs minister. "You're looking at economic deva Show less Read more
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