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Tesla Extends Production Halt at Shanghai Plant. It’s a Blessing In Disguise.

April 1, 2022
Source: sportsgrindentertainment.com sportsgrindentertainment.com
News Snapshot:
Text size Tesla will extend the suspension ofproduction at its Shanghai factory through at least Friday because of the city’s Covid lockdown, said reports from Bloomberg and Reuters. Lower production isn’t really a good thing, but in this case it might not hurt investors in Tesla (ticker: TSLA ). The suspension began Monday and was expected to run through Thursday following a city-wide surge in Covid cases that prompted officials to implement sweeping restrictions. The lockdown of the eastern half of Shanghai was supposed to be lifted early on Friday, April 1. But according to Reuters, the lockdown is now...
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Tags: app | Bloomberg | Chinese | Covid-19 | credit | Credit Suisse | delivery | electric vehicle | Europe | Exports | facility | factory | Germany | IT | manufacturing | plant | production | research | Reuters | Shanghai | shares | stock | Tesla | vehicle

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