Stock Market News

Tesla Suspends Production at Shanghai Giga-Plant

2022.05.10 21:16

Tesla Suspends Production at Shanghai Giga-Plant
Tesla Suspends Production at Shanghai Giga-Plant

Difficulties at the Tesla (NASDAQ:TSLA) Shanghai plant have, once again, halted most production. According to an internal memo seen by Reuters, the plant has had continued troubles securing parts for its electric vehicles.

After reopening the plant following continued 22-day closure in April, Tesla had ramped up production and was producing more than 1,200 units per day. However, according to the memo, Tesla planned to manufacture fewer than 200 vehicles on Tuesday.

Shanghai is in its sixth week of an intensifying lockdown that has tested the ability of manufacturers to operate amid hard restrictions on the movement of people and materials.

Data from the China Passenger Car Association (CPCA) shows that Tesla’s sales in China have slid by 98 percent in April, with Tesla producing 10,757 vehicles and selling just 1,512. Tesla did not export any China-made Model 3s and Model Ys from the Shanghai plant in April.

By Michael Elkins

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 106,108.43 0.57%
ethereum
Ethereum (ETH) $ 3,373.15 3.94%
xrp
XRP (XRP) $ 3.14 1.42%
tether
Tether (USDT) $ 1.00 0.00%
solana
Solana (SOL) $ 262.34 4.57%
bnb
BNB (BNB) $ 682.91 0.50%
dogecoin
Dogecoin (DOGE) $ 0.357436 1.81%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 0.990708 1.19%
staked-ether
Lido Staked Ether (STETH) $ 3,367.28 4.11%
tron
TRON (TRX) $ 0.258138 3.36%
chainlink
Chainlink (LINK) $ 25.84 2.39%
avalanche-2
Avalanche (AVAX) $ 36.43 3.01%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,027.13 4.21%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 106,050.41 0.68%
stellar
Stellar (XLM) $ 0.437854 2.75%
sui
Sui (SUI) $ 4.40 1.86%
hedera-hashgraph
Hedera (HBAR) $ 0.335721 5.80%
the-open-network
Toncoin (TON) $ 5.13 0.49%
shiba-inu
Shiba Inu (SHIB) $ 0.00002 1.50%
weth
WETH (WETH) $ 3,374.54 4.11%
polkadot
Polkadot (DOT) $ 6.45 2.09%
litecoin
Litecoin (LTC) $ 119.14 3.91%
bitget-token
Bitget Token (BGB) $ 7.43 3.84%
leo-token
LEO Token (LEO) $ 9.71 0.15%
bitcoin-cash
Bitcoin Cash (BCH) $ 437.49 0.18%
hyperliquid
Hyperliquid (HYPE) $ 24.35 2.78%
uniswap
Uniswap (UNI) $ 12.75 0.84%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,565.64 4.14%
official-trump
Official Trump (TRUMP) $ 33.31 7.91%
usds
USDS (USDS) $ 0.996792 0.47%
pepe
Pepe (PEPE) $ 0.000016 5.59%
near
NEAR Protocol (NEAR) $ 5.12 3.80%
ethena-usde
Ethena USDe (USDE) $ 0.997376 0.23%
aave
Aave (AAVE) $ 350.04 5.37%
aptos
Aptos (APT) $ 8.44 0.73%
ondo-finance
Ondo (ONDO) $ 1.48 8.26%
internet-computer
Internet Computer (ICP) $ 9.23 0.73%
ethereum-classic
Ethereum Classic (ETC) $ 27.91 2.24%
whitebit
WhiteBIT Coin (WBT) $ 28.39 0.49%
monero
Monero (XMR) $ 219.29 1.88%
mantle
Mantle (MNT) $ 1.19 3.36%
vechain
VeChain (VET) $ 0.049324 1.53%
crypto-com-chain
Cronos (CRO) $ 0.140615 1.15%
jupiter-exchange-solana
Jupiter (JUP) $ 0.85964 9.58%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.440912 0.73%
render-token
Render (RENDER) $ 7.06 2.10%
dai
Dai (DAI) $ 1.00 0.01%
mantra-dao
MANTRA (OM) $ 3.59 1.10%
layer-one-x-2
Layer One X (L1X) $ 26.64 532.62%