Tesla yesterday went down by almost 13 points and closed at $528.16 from its opening price of $542. So far everything seems a little bit stable for the Tech giant as they continue making ventilators in a patriotic move to combat the effects of Covid-19.
However, in a not so surprising move, Tesla had to lay off 75% of its workers from it's Nevada battery plant after battery partner Panasonic (OTCPK: PCRFF) said it would scale down operations due to the coronavirus pandemic.
Tesla joıns thousands of other companies that have had to lay off its workers.
However, they seem to be handling the covid-19's effects pretty well and they have a very positive projection once this is all over.