Tesla suspends production at Shanghai factory

Tram Ho

Reuters reported earlier this December that electric car “giant” Tesla planned to halt production of Model Y cars at its factory in Shanghai (China) from December 25, 2022 to January 1. January 1, 2023.

The production suspension comes amid a growing wave of COVID-19 infections after China eased its “Zero COVID” policy in early December. welcome, but the number of COVID-19 cases is increasing rapidly, making it difficult for the hospital system and pharmacies to run out of treatment.

Tesla is grappling with rising inventories as China, the electric car maker’s second-biggest market, prepares to face a recession.

Tesla tạm dừng sản xuất tại nhà máy Thượng Hải - Ảnh 1.

(Photo: Reuters)

The halt to Model Y assembly at the end of December is part of a planned 30 percent cut in production this month of Tesla’s best-selling model at its Shanghai plant.

The Shanghai factory, the most important production center of billionaire Elon Musk’s electric car company, will continue to operate normally in the same period in 2021.

Tesla stock has lost 55% of its value in the past three months. Two issues have weighed on Tesla stock, including CEO Elon Musk’s management of Twitter’s social networking platform after making it private, which has hurt investor sentiment and general anxiety. on waning electric vehicle demand.

Share the news now

Source : Genk