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Tesla says took payroll advantages to offset coronavirus shutdowns

Summary

Tesla Inc acquired payroll associated advantages from the federal government within the first half of the yr to assist scale back the impression of the coronavirus pandemic on its enterprise, the electrical carmaker stated in a submitting on Tuesday. […]

Tesla says took payroll benefits to offset coronavirus shutdowns

Tesla Inc acquired payroll associated advantages from the federal government within the first half of the yr to assist scale back the impression of the coronavirus pandemic on its enterprise, the electrical carmaker stated in a submitting on Tuesday.

  • Reuters
  • Final Up to date: July 28, 2020, 6:14 PM IST

Tesla Inc acquired payroll associated advantages from the federal government within the first half of the yr to assist scale back the impression of the coronavirus pandemic on its enterprise, the electrical carmaker stated in a submitting on Tuesday.

The corporate, whose Chief Government Officer Elon Musk has spoken in opposition to additional authorities support as Congress debates one other spherical of stimulus, stated that, together with price cuts, the advantages had offset nearly all of its prices as a result of idling of factories on this yr’s lockdowns.

Tesla’s solely U.S. automobile manufacturing facility — in California, the place most of its vehicles are at present produced — was shut down for some six weeks within the second quarter ended June after an preliminary standoff with native authorities.

Disclaimer: This submit has been auto-published from an company feed with none modifications to the textual content and has not been reviewed by an editor



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