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The Markets
by Proactive
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The Markets
by Proactive
Proactive UK has moved.
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Manufacturing & engineering

Tesla stock to start lower after California factory fire

The factory makes the Model S, Model 3, Model X and Model Y electric vehicles.

Tesla Inc (NYSE:TSLA) shares point lower ahead of Friday’s open after a fire at a manufacturing facility in California.

A large metal stamping machine caught fire, ignited by hydraulic fluid and molten aluminium.

No injuries were reported and the fire was extinguished, meanwhile, reports say that the equipment damage and impact on production was not yet known.

Tesla employs some 10,000 people at the factory which produces four EV models - Model S, Model 3, Model X and Model Y.

In New York, Tesla shares had risen by 4.72% at Thursday’s close and on Friday was indicated at US$672, down 4%.

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