Elon Musk, chief executive officer of Tesla Inc., left, gestures while shaking hands with Ying Yong, mayor of Shanghai, during the Tesla China-Made Model 3 Delivery Ceremony at the company’s Gigafactory in Shanghai, China, on Tuesday, Jan. 7, 2020.
Qilai Shen | Bloomberg | Getty Images
On Thursday, Tesla acknowledged that the COVID-19, or coronavirus outbreak in and beyond China may have a material adverse impact on their business in an annual financial filing.
In the Risk Factors section of the 2019 10-K filing, they included — for the first time ever — a mention of “health epidemics.”
The filing also stated:
“Beginning in late 2019, the media has reported a public health epidemic originating in China, prompting precautionary government-imposed closures of certain travel and business. Gigafactory Shanghai was closed for a brief time as a result, before it reopened in February 2020 and rejoined our U.S. factories, which had continued to operate. It is unknown whether and how global…