Tesla Shanghai

Tesla Inc. will build a new battery factory in Shanghai, increasing investment in China at a time of brewing tensions between Beijing and Washington.Tesla will manufacture its Megapack large-scale energy-storage unit in the new facility, which adds to its factory for electric vehicles in Shanghai. The company led by Elon Musk, who is said to be visiting China this weekend, made the announcement at a signing ceremony for the project in Shanghai. Tom Zhu, Tesla's senior vice president of automotive, and Shanghai government…

Tesla Inc. plans to lower production at its Shanghai factory, according to people familiar with the matter. Tesla Inc. plans to lower production at its Shanghai factory, according to people familiar with the matter, in the latest sign demand in China isn't meeting expectations. The company's shares fell in early trading. The output cuts will take effect as soon as this week, said the people, who asked not to be identified because the information isn't public. They estimate the move could reduce production by about 20%…

The decision was made after Tesla evaluated its near-term performance in the domestic market. Tesla Inc. plans to lower production at its Shanghai factory, according to people familiar with the matter, in the latest sign demand in China isn't meeting expectations. The output cuts will take effect as soon as this week, said the people, who asked not to be identified because the information isn't public. They estimate the move could reduce production by about 20% from full capacity, which is the rate at which the…

Elon Musk-run Tesla has once again halted production at its Gigafactory in Shanghai as the company is now facing logistics problems amid a fresh surge in Covid infections, the media reported.According to South China Morning Post, supply-chain breakdown paused production at Tesla’s Shanghai assembly plant.The plant had resumed production only recently amid Covid-19 lockdowns in the city.Tesla said in a statement that logistics problems caused a delay in the delivery of car components to its Gigafactory 3.“The factory…