Tesla's stock price fell more than 4% due to global IT failures pausing some production lines
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
According to the information obtained by Zhitong Finance APP, it was reported that due to a global IT outage, Tesla (TSLA.US) has temporarily halted some production lines in Texas and Nevada.
Sources revealed that due to content updates by CrowdStrike (CRWD.US) targeting Microsoft (MSFT.US) Windows hosts, multiple industries such as tourism and finance were paralyzed. An internal email obtained by foreign media showed that Tesla notified employees on Friday morning: "Currently, Windows hosts, servers, laptops, and manufacturing equipment are experiencing failures, with users encountering blue screens."
This technical failure had a widespread impact, with services only resuming after several hours of interruption. Tesla CEO Elon Musk stated on the social media platform X: "We have removed CrowdStrike from all systems, so no services were launched," but he did not specify which companies took action or provide detailed information on the impact of this outage.
In response to a post by Microsoft CEO Nadella regarding this incident, Musk stated: "This has caused a paralysis in the automotive supply chain." Tesla allowed some production employees to leave early during the night shift at its factories in Austin, Texas, and Sparks, Nevada.
CrowdStrike stated that they are working with customers affected by the "single content update for Windows hosts."
As of Friday's close, Tesla fell by 4.02% to $239.2