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Chinese Stocks, Yuan, Commodities Crash As Covid Plunges Country Into "Darkest Moment In Decades" - Vimarsana News

Chinese Stocks, Yuan, Commodities Crash As Covid Plunges Country Into "Darkest Moment In Decades"

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Beijing lockdown fueling fears - Taipei Times - Vimarsana News

Beijing lockdown fueling fears - Taipei Times

Fears about the economic toll of China’s strict “zero COVID-19” policy intensified yesterday, as news that lockdowns were spreading to Beijing sent stocks, commodities and the yuan tumbling. The benchmark CSI 300 Index closed nearly 5 percent down to the lowest since April 2020, wiping out gains from a sweeping pledge by officials last month to support the economy. The onshore yuan slumped to its weakest level in 17 months on concerns about rising capital outflows and oil sank below US$100 on worries over Chinese demand. A COVID-19 flare-up that shut down much of Shanghai appeared to wo...

Tesla Plans to Partly Resume Production in Shanghai Plant Soon - Vimarsana News

Tesla Plans to Partly Resume Production in Shanghai Plant Soon

(Bloomberg) -- Tesla Inc. is calling back its workers in Shanghai to prepare for the initial resumption of production as soon as next week, after a weeks-long suspension because of the city’s strict lockdown to contain the Covid outbreak, people familiar with the matter said.

Tesla's Shanghai Gigafactory Remains Closed, Has Already Lost 40,000 EVs Due To COVID Lockdowns - Vimarsana News

Tesla's Shanghai Gigafactory Remains Closed, Has Already Lost 40,000 EVs Due To COVID Lockdowns

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Elon Musk Urges Tesla Employees to Reduce Cost of Vehicle Deliveries - Vimarsana News

Elon Musk Urges Tesla Employees to Reduce Cost of Vehicle Deliveries

Rather than rushing orders out last-minute to hit end of quarter sales goals, Tesla CEO Elon Musk wants employees to focus on slashing cost of deliveries.