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Elon Musk’s Tesla Shanghai to Earn $300,000 from January to September: Report

News Snapshot:

Tesla Inc. ‘s Shanghai (NASDAQ: TSLA) plant is expected to produce 300,000 cars in the first few months of the year, Reuters reports, bringing up unidentified sources. What happened: According to the report, the plant experienced a flood of deliveries at the end of the July-September quarter despite global semiconductor shortages. Approximately 240,000 cars were shipped from the plant in the first 8 months. Reuters cited an official from the region as the plant is expected to produce 450,000 cars this year, adding 66,100 for export. The plant is a serial manufacturer of Model Y cars for deliveries in China…

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