The Latest News Means There’s Trouble At Tesla

Tesla’s global sales reached a new record high in 2019, the company moving some 367,000 Model S and Model 3 sedans, and Model X crossovers, the numbers bolstered by increased production of the affordable Model 3. The company just started production on the new Model Y crossover, built on the 3’s more inexpensive architecture, before the novel coronavirus outbreak spread globally, throttling business and eventually prompting the closure of its Fremont factory.

Tesla is currently targeting a May 4th date to restart production operations in North America, in-line with Fiat Chrysler’s target restart date, but it’s still unclear whether California’s stay-home orders will allow that to happen.

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