Tesla has problems at the Shanghai factory with the Model Y
2022.12.05 07:51
Tesla has problems at the Shanghai factory with the Model Y
Budrigannews.com – Citing sources with knowledge of the situation, Bloomberg reported on Monday that Tesla (NASDAQ:) plans to reduce December Model Y production at its Shanghai plant by more than 20% from November.
The unnamed individuals, who requested anonymity because the information is confidential, claim that the output cuts will begin this week. From the factory’s full capacity in October and November, they anticipate that the move could result in a 20 percent reduction in production.
According to a September report from Reuters.As newer factories in Austin and Berlin ramp up production, Tesla had planned to significantly increase global production of the Model Y and Model 3 electric vehicles in the fourth quarter.
Although some Chinese cities have taken steps to ease some restrictions following protests in recent weeks, there is still uncertainty regarding when China will make a significant move to relax its “dynamic zero-COVID” strategy.
TESLA shares are down 2.13 percent in pre-market Monday trading.
