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On March 17, Musk sent an internal email to all Tesla employees to share some of his views on COVID-19 's epidemic, saying in his internal letter that "panic is more terrible than the epidemic". Try to stabilize the "panic" of internal employees in this way.

According to Electrek, Tesla has tens of thousands of employees in the San Francisco Bay area, and the area issued an "on-the-spot refuge order" on Monday, requiring everyone to work from home or stop working. In addition to medical personnel, police, firefighters and other emergency personnel who can provide basic services, the area controlled the spread of the epidemic by shutting down the city on Wednesday. In the face of Tesla's plan to shut down the Fremont plant in California, the factory plans to maintain operation. However, the sheriff's office of Alameda County, where Tesla's Fremont factory is located, said the factory could not continue to operate because the entire San Francisco Bay area had begun a three-week closure to contain the spread of novel coronavirus.

Musk said in an email that employees go to work voluntarily and will not be forced to work. "if you feel even the slightest bit uncomfortable, please don't feel obliged to work in the company. I'll go to work myself, but that's just my personal opinion, and if you think you want to stay at home for any reason, that's fine. "

Musk also refuted rumors that there had been infected people in the factory, saying that no one had been tested positive so far. "there are a lot of rumors going around, but as far as I know, no one in Tesla tested positive. If there is any change, I will inform you in time. "

In addition, Musk also criticized Chengdu for the panic of COVID-19 's epidemic situation. "my view is that the panic about COVID-19 's epidemic is far greater than the harm of the virus itself." If the large-scale transfer of medical resources exceeds the dangerous proportion, it will result in people with urgent medical needs unable to get adequate medical services. "

Musk added to his forecast for the epidemic. "according to the latest data from the CDC, my best guess is that the number of confirmed cases will not exceed 0.1% of the population of the United States."

On Friday, on the day Trump declared a state of emergency, Musk emailed another company under his name, saying, "about 36000 people die in car accidents in the United States every year, but novel coronavirus currently has only 36 deaths." compared with novel coronavirus, the risk of death in a car accident is much higher. " In addition, Musk also said on Twitter that "the panic about novel coronavirus is stupid."

Sales figures show that Tesla delivered 367000 vehicles in 2019, up 50 per cent from a year earlier. In early 2020, Musk set a sales target of 500000 vehicles for Tesla, which pushed Tesla's share price higher. But as the epidemic spreads to global markets, it is unclear whether this figure can be achieved as scheduled.

Analysts at Royal Bank of Canada Capital Markets (RBC Capital Markets) predict that due to the novel coronavirus epidemic, Tesla's delivery volume will drop from nearly 368000 last year to 364000 in 2020, with an expected net loss of $104 million for the whole year.

Morgan Stanley analysts expect Tesla's global sales this year to be about 10 per cent lower than previously expected because of the impact of novel coronavirus's epidemic on car demand. As a result, Morgan Stanley Tesla's sales target for 2020 has been lowered to 452000 from the previous 500000.

Affected by the COVID-19 epidemic, the share prices of many American car companies have continued to decline, even lower than the historical level. Tesla is no exception. Tesla shares fell 3.34 per cent to $430.20 as of March 17, while shares fell 18.58 per cent to $445.07 on March 16. Tesla's market capitalization is now $79.2 billion, down nearly $80 billion from its highest market capitalization.

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