Shanghai factory works non-stop-Tesla
2022.12.05 13:45
Shanghai factory works non-stop-Tesla
Budrigannews.com – According to sources familiar with the situation, reports surfaced on Monday morning claiming that Tesla (NASDAQ:) would be reducing Model Y production at the company’s Shanghai facility. The automaker, on the other hand, has stated that the claims were “untrue.”
According to two sources with knowledge of the electric vehicle (EV) giant’s production plan, Reuters reported on Monday that Model Y output at the plant was expected to decrease by more than 20% compared to November. Bloomberg was the first to report the decrease in output, claiming that it was due to sluggish demand.
A Tesla representative responded later on Monday, “false news,” without providing additional details.
TESLA’s stock is down 5.91 percent in midday trading on Monday.
