• Coronavirus: Wuhan eases lockdown, Tesla will slash employee pay and furlough employees

Market news

8 April 2020

Coronavirus: Wuhan eases lockdown, Tesla will slash employee pay and furlough employees

  • CNBC reports that the central Chinese city of Wuhan - where the coronavirus was first reported - started allowing people to leave for the first time since it was locked down on Jan. 23 to contain the outbreak.

  • China's National Health Commission (NHC) reported 62 new cases and two deaths as of April 7.

  • Tesla will cut pay for all of its employees and furlough all hourly workers until May 4, when it intends to resume production of electric cars

  • President Donald Trump blamed the World Health Organization for getting "every aspect" of the coronavirus pandemic wrong and threatened to withhold funding from the international organization.


  • Global cases: More than 1,426,000

  • Global deaths: At least 81,865

  • Most cases reported: United States (396,223), Spain (141,942), Italy (135,586), France (110,065) and Germany (107,663).

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