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Expansion delayed at Tesla's Shanghai gigaplant

By Michael Elkins Electric vehicle giant, Tesla Inc. (NASDAQ:TSLA) has reportedly delayed its plans to expand the company's Shanghai factory according to a report by Bloomberg on...
Expansion delayed at Tesla's Shanghai gigaplant © Reuters Expansion delayed at Tesla’s (TSLA) Shanghai gigaplant
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By Michael Elkins

Electric vehicle giant, Tesla Inc. (NASDAQ:TSLA) has reportedly delayed its plans to expand the company's Shanghai factory according to a report by Bloomberg on Thursday, citing people familiar with the matter. The reason for the delay is reportedly connected to Elon Musk's satellite internet system, Starlink.

The Bloomberg report claimed that some officials from China's central government had expressed concerns about a US company with connections to Elon Musk's Starlink having such a large presence in the country.

Tesla had planned to start work on expanding the plant as part of a strategy to more than double its production capacity in China to meet growing demand for its cars in the country and export markets. The expansion would have helped the company to produce up to 2 million cars per year at the Shanghai plant.

Shares of TSLA are up 0.16% in pre-market trading on Thursday.

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27-02-2024 17:46:39 (UTC+7)

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    EUR/USD 1.0850 Buy  
    GBP/USD 1.2682 ↑ Buy  
    USD/JPY 150.24 ↑ Sell  
    AUD/USD 0.6552 ↑ Buy  
    USD/CAD 1.3498 ↑ Sell  
    EUR/JPY 163.00 ↑ Sell  
    EUR/CHF 0.9548 ↑ Sell  
    Gold 2,045.15 ↑ Buy  
    Silver 22.855 ↑ Buy  
    Copper 3.8537 Neutral  
    Crude Oil WTI 77.53 ↑ Sell  
    Brent Oil 81.55 ↑ Sell  
    Natural Gas 1.740 Neutral  
    US Coffee C 179.10 Neutral  
    Euro Stoxx 50 4,877.35 ↑ Sell  
    S&P 500 5,069.53 ↑ Sell  
    DAX 17,497.70 ↑ Sell  
    FTSE 100 7,686.47 ↑ Sell  
    Hang Seng 16,790.80 Neutral  
    Small Cap 2000 2,028.97 ↑ Sell  
    IBEX 35 10,089.12 ↑ Sell  
    BASF 46.645 ↑ Sell  
    Bayer 28.82 Neutral  
    Allianz 245.60 ↑ Sell  
    Adidas 188.11 ↑ Sell  
    Lufthansa 7.313 ↑ Buy  
    Siemens AG 176.44 ↑ Sell  
    Deutsche Bank AG 12.233 ↑ Sell  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,700/ 7,850
(-20/ -20) # 1,768
SJC HCM7,690/ 7,890
(10/ -10) # 1,808
SJC Hanoi7,690/ 7,892
(10/ -10) # 1,810
SJC Danang7,690/ 7,892
(10/ -10) # 1,810
SJC Nhatrang7,690/ 7,892
(10/ -10) # 1,810
SJC Cantho7,690/ 7,892
(10/ -10) # 1,810
Cập nhật 27-02-2024 17:46:42
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GBP30.442,0231.737,55
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KRW16,0119,40
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