U.S. Markets closed
  • S&P 500

    3,693.23
    -64.76 (-1.72%)
     
  • Dow 30

    29,590.41
    -486.27 (-1.62%)
     
  • Nasdaq

    10,867.93
    -198.88 (-1.80%)
     
  • Russell 2000

    1,679.59
    -42.72 (-2.48%)
     
  • Crude Oil

    79.43
    -4.06 (-4.86%)
     
  • Gold

    1,651.70
    -29.40 (-1.75%)
     
  • Silver

    18.83
    -0.78 (-3.99%)
     
  • EUR/USD

    0.9693
    -0.0145 (-1.4733%)
     
  • 10-Yr Bond

    3.6970
    -0.0110 (-0.30%)
     
  • Vix

    29.92
    +2.57 (+9.40%)
     
  • GBP/USD

    1.0857
    -0.0398 (-3.5360%)
     
  • USD/JPY

    143.3300
    +0.9950 (+0.6991%)
     
  • BTC-USD

    19,021.90
    -90.63 (-0.47%)
     
  • CMC Crypto 200

    434.61
    -9.92 (-2.23%)
     
  • FTSE 100

    7,018.60
    -140.92 (-1.97%)
     
  • Nikkei 225

    27,153.83
    -159.30 (-0.58%)
     

Tesla CEO says bought ventilators in China for U.S

·1 min read
FILE PHOTO: Automobile awards The golden steering wheel in Berlin

FRANKFURT (Reuters) - Tesla bought hospital ventilators in China and shipped them to the United States, CEO Elon Musk said on Tuesday.

Tesla's purchase comes as governments across the globe appeal to automakers and aerospace companies help procure or make ventilators and other medical equipment.

"China had an oversupply, so we bought 1255 FDA-approved ResMed, Philips & Medtronic ventilators on Friday night & airshipped them to LA," Musk said on Twitter.

California Governor Gavin Newsom on Tuesday said the state would receive 1,000 ventilators from Tesla as the United States braces to deal with an influx of patients infected by the coronavirus.

Authorities are hoping large-scale manufacturers can use their low-cost supply chains and digital design expertise, including 3D printing, and repurpose some factories in order to make up the expected shortfall in vital medical hardware.

Carmakers have cautioned that assembling delicate medical equipment to standards adequate for use in hospital intensive care units remains a challenge.

(Reporting by Edward Taylor; editing by Jason Neely)