Netease technology news on February 11, according to foreign media reports, with the help of the Shanghai government, Tesla's factory in Shanghai resumed production on Monday (February 10) local time, and the company's share price rose with the stop.

On Monday, shortly after the start of NASDAQ regular trading, Tesla shares rose 8% at one time, but fell to close at $771.28, up 3.1% from the previous trading day. Faced with the spread of the coronavirus, Tesla's Shanghai plant resumed production at the earliest date the local government allowed it to return to work. In the past three weeks, Tesla's share price has risen by at least 10% every week, and its market value has increased by about $43 billion, currently about $140 billion.

At a press conference on Saturday, Shanghai municipal government officials said they would make every effort to help key enterprises, including Tesla, resume normal production. Over the weekend, analysts at RBC Capital Markets and canaccord genuity warned that the shutdown of Tesla's mainland China plant posed a risk to its business plan, including the goal of delivering at least 500000 electric vehicles by 2020. Tesla's shares fell on the news.

At the same time, VW, Toyota and Honda have extended production stoppages at their Chinese plants, several of which are scheduled to resume production no earlier than February 17. (Liu Chun)

Source: Netease technology report, translated by Baidu Translate

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