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  4. Tesla Prepares Partial Shutdown for Upgrades at Shanghai Gigafactory
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Tesla Prepares Partial Shutdown for Upgrades at Shanghai Gigafactory

By Michael Elkins According to an internal memo seen by Reuters, Tesla (NASDAQ:TSLA) is preparing to suspend most of its production at its electric vehicle giga-plant in Shanghai,...
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Tesla Prepares Partial Shutdown for Upgrades at Shanghai Gigafactory © Reuters. Tesla (TSLA) Prepares Partial Shutdown for Upgrades at Shanghai Gigafactory

By Michael Elkins

According to an internal memo seen by Reuters, Tesla (NASDAQ:TSLA) is preparing to suspend most of its production at its electric vehicle giga-plant in Shanghai, China. It appears that the reasoning behind the partial pause is to perform upgrades to the site. According to the memo, the pause will last the first two weeks in July.

The main purpose of the upgrade is to expand the Model Y production line, which will have a daily capacity of about 2,000 vehicles. After the upgrade, the U.S. automaker aims to boost the plant's output to a new record high by the end of July to get closer to its goal of producing 22,000 cars per week

A two-month-long COVID lockdown in Shanghai delayed Tesla's original plan of reaching production of 8,000 Model 3s and 14,000 Model Ys per week at the Shanghai plant by mid-May.

The factory is recovering from a 22-day shutdown in April due to Covid restrictions in the area. The factory was able to produce 10,757 vehicles that month.

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31-03-2024 10:19:50 (UTC+7)

EUR/USD

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EUR/USD

1.0793

+0.0006 (+0.06%)

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GBP/USD

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USD/JPY

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AUD/USD

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 EUR/USD1.0793Sell
 GBP/USD1.2624Sell
 USD/JPY151.38↑ Buy
 AUD/USD0.6522Sell
 USD/CAD1.3543Buy
 EUR/JPY163.37↑ Sell
 EUR/CHF0.9738↑ Buy
 Gold2,254.80Buy
 Silver25.100↑ Buy
 Copper4.0115↑ Buy
 Crude Oil WTI83.11↑ Buy
 Brent Oil86.99Neutral
 Natural Gas1.752↑ Sell
 US Coffee C188.53↑ Sell
 Euro Stoxx 505,082.85↑ Sell
 S&P 5005,254.35↑ Sell
 DAX18,504.51↑ Buy
 FTSE 1007,952.62↑ Sell
 Hang Seng16,541.42Neutral
 Small Cap 20002,120.15Neutral
 IBEX 3511,074.60↑ Sell
 BASF52.930↑ Buy
 Bayer28.43Buy
 Allianz277.80↑ Buy
 Adidas207.00↑ Buy
 Lufthansa7.281↑ Sell
 Siemens AG176.96↑ Buy
 Deutsche Bank AG14.582↑ Buy
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Cập nhật 31-03-2024 10:19:52
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JPY158,93168,22
KRW15,9119,28
Cập nhật lúc 10:12:31 31/03/2024
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