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Tesla Erases Gains on Report 2 Workers Test Positive for Covid-19

Published 03/26/2020, 11:15 AM
Updated 03/26/2020, 11:18 AM
© Reuters.

© Reuters.

By Kim Khan

Investing.com - Shares of Tesla (NASDAQ:TSLA) sold off in morning trading after early gains Thursday on reports two of its employees had tested positive for the novel coronavirus.

Shares rose 0.2% in morning trading, but were up nearly 4% shortly after the open.

“Since yesterday, two Tesla employees who had been working from home for almost two weeks tested positive for COVID-19,” Tesla’s HR department wrote in an e-mail obtained by website Electrek.

“The employees were not symptomatic in the office, and both are quarantined at home recovering well,” the e-mail continued. “Their direct coworkers, who were already working from home for nearly two weeks as well, were immediately notified so they can quarantine and watch for symptoms. CDC guidelines for disinfection and sanitation have been followed.”

“In both cases, interactions with the individuals had a low likelihood of transmission based on the minimal staff onsite and social distancing measures we took earlier this month,” it added.

Tesla did not say where the employees were based.

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