Tesla says it took government payroll benefits, which offset coronavirus shutdowns

Filed under: Earnings/Financials,Green

The company, whose Chief Executive Officer Elon Musk has spoken against further government aid as Congress debates another round of stimulus, said that along with cost cuts, the benefits had offset almost all of its costs due to the idling of factories in this year's lockdowns. Tesla's only U.S. vehicle factory — in California, where most of its cars are produced — was shut down for some six weeks in the second quarter ended June after an initial standoff with local authorities. Reuters could

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Tesla says it took government payroll benefits, which offset coronavirus shutdowns originally appeared on Autoblog on Tue, 28 Jul 2020 10:03:00 EDT. Please see our terms for use of feeds.

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