Latest News

Tesla to halt Shanghai factory production amid COVID curbs, Bloomberg News reports


© Reuters. FILE PHOTO: A truck transports new Tesla cars at its factory in Shanghai, China May 13, 2021. REUTERS/Aly Song/File Photo

(Reuters) – Tesla Inc is planning to suspend production at its Shanghai factory for at least one day, Bloomberg News reported on Sunday, as China’s financial hub said it would go into a lockdown in two stages to conduct COVID-19 testing.

Tesla’s production in the plant will be halted on Monday, the report said, citing people familiar with the matter, adding that the electric car maker hasn’t yet informed workers if it would extend the suspension beyond Monday.

Tesla did not immediately respond to Reuters’ request for comment.

Shanghai’s municipal government said on Sunday that all firms and factories will suspend manufacturing or work remotely during the lockdown.

Earlier this month, Tesla had to halt production at the factory for two days as China tightened its COVID-19 restrictions. The company then said it was trying the best to keep production going at the factory.

Tesla to halt Shanghai factory production amid COVID curbs, Bloomberg News reports

Disclaimer:Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

U.S. Big Cap Stocks Turn Into World’s Top Haven as Risk Rises

Previous article

Legendary stock picker Peter Lynch made a remarkably prescient market observation in 1994

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News