Tesla's stock price fell more than 4% due to global IT failures pausing some production lines

Zhitong
2024.07.19 23:35
portai
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Tesla paused some production lines globally due to IT failures, causing its stock price to drop by over 4%. This was caused by CrowdStrike's content update targeting Microsoft Windows hosts, leading to a standstill in industries like Tesla. Tesla CEO Musk stated that CrowdStrike has been removed, but did not specify the impact. Tesla sent employees home early from its factories in Texas and Nevada. CrowdStrike mentioned that they are working with affected customers. As of Friday's close, Tesla's stock price was at $239.2