Tesla Restores Shanghai Weekly Output to 70% of Pre-Lockdown Levels – Report
2022.05.31 16:45
Tesla (TSLA) Restores Shanghai Weekly Output to 70% of Pre-Lockdown Levels – Report
By Michael Elkins
Tesla (NASDAQ:TSLA) has restored its weekly output at its factory in Shanghai to nearly 70% of pre-covid levels after being forced to shut down for 22 days due to ongoing Chinese lockdowns. According to a Reuters report, the electric automaker added a second shift in the middle of last week and is expected to increase output further this week. The report cites two people familiar with the matter.
After reopening on April 19, the Tesla giga-factory produced 10,757 vehicles by the end of April, selling 1,512 of them, data released by the China Passenger Car Association showed. That compared to 65,814 cars sold in March and marked the lowest sales tally since April 2020, four months after the factory started delivering China-made cars.
Shanghai authorities will cancel many conditions for businesses to resume work from Wednesday, a city official said on Sunday, as it looks to start lifting the city-wide lockdown.
