Delivery of Tesla electric cars in China may be delayed by a coronavirus

the Company Tesla announced that scheduled for early February delivery vehicles to be postponed due to the outbreak of coronavirus. Shares of autowinder on the news fell on Wednesday.

the American automaker late last year launched in China its first manufacturing plant outside the United States, capable of producing 150 thousand cars a year. January 7, Tesla started in China sales Model 3 collected at the Shanghai plant. Cars got 10 clients.

Tesla has suspended the Shanghai Giavarini after the New year on the lunar calendar, following the instructions of the government at the outbreak of coronavirus.

“Scheduled for early February, the supply of electric vehicles will be delayed. We’ll catch up the pace of production, as soon as the situation with the outbreak of the virus will improve”, — he wrote on his page on Weibo, Tao Lin, Vice President of Tesla in response to a question from the user.

Financial officer Tesla Zac Kirkhorn (Zach Kirkhorn) said during a quarterly conference of the stake to investors last week that the plant in Shanghai will remain closed for another week and a half. The Treasurer reported that the delay “may slightly affect the profitability for the quarter”, but is limited as the contribution of profit from the sale of Model 3 in Shanghai is not particularly significant.

shares of Tesla closed at $887,06, which is a record for the stock of autofinder. The price rose on Tuesday by 23%, reaching an intraday record of $968,99 per share. It happened after the securities of Tesla rose in price by almost 20% on Monday, its biggest one-day jump since may 2013.

But on Wednesday, analysts at Canaccord Genuity downgraded the company’s rating to “hold”, though, and kept their pricing the price at $750 per share.

China is seen by analysts as a critical market for Tesla, but there are a number of problems since a decline of aboutsales of electric vehicles and ending with the growing competition. Insiders say that local production of electric cars Tesla will increase the space of the Chinese market. According to the plan to achieve the goals in 300 thousand electric vehicles to 2021 in line with the cost in the amount of 300 thousand yuan for one electric car is expected to battery material, relays DC high voltage and thermal control system will create a market of more than 40 billion yuan.