Tesla to halt Shanghai factory production amid Covid curbs, Bloomberg News reports

Tesla to halt Shanghai factory production amid Covid curbs, Bloomberg News reports


Aerial view of the Tesla Shanghai Gigafactory on Mar. 29, 2021 in Shanghai, China.

Xiaolu Chu | Getty Images News | Getty Images

Tesla is planning to suspend production at its Shanghai factory for at least one day, Bloomberg News reported on Sunday, as China’s financial hub said it would go into a lockdown in two stages to conduct Covid-19 testing.

Tesla’s production in the plant will be halted on Monday, the report said, citing people familiar with the matter, adding that the electric carmaker hasn’t yet informed workers if it would extend the suspension beyond Monday.

Tesla did not immediately respond to Reuters’ request for comment.

Shanghai’s municipal government said on Sunday that all firms and factories will suspend manufacturing or work remotely during the lockdown.

Earlier this month, Tesla had to halt production at the factory for two days as China tightened its Covid-19 restrictions. The company then said it was trying its best to keep production going at the factory.



Source

Chart analysts see hazard ahead as tech comeback begins to shed steam
World

Chart analysts see hazard ahead as tech comeback begins to shed steam

The current comeback in engineering shares is commencing to shed its luster, and that could imply issues for the broader market place. Know-how shares have been on a tear due to the fact the begin of 2023 as traders dip back again into the sector following a person of the most challenging decades on history, […]

Read More
Bitcoin falls soon after CFTC sues crypto trade Binance for allegedly breaking investing guidelines
World

Bitcoin falls soon after CFTC sues crypto trade Binance for allegedly breaking investing guidelines

A worsening macroeconomic local weather and the collapse of field giants like FTX and Terra have weighed on bitcoin’s price tag this yr. STR | Nurphoto by using Getty Illustrations or photos Cryptocurrencies dropped on Monday morning soon after the CFTC sued Binance, the greatest crypto exchange in the world, for allegedly violating investing regulations. […]

Read More
Israel’s Netanyahu delays controversial judiciary overhaul after mass protests
World

Israel’s Netanyahu delays controversial judiciary overhaul after mass protests

Protesters shout slogans outside Israel’s parliament in Jerusalem amid ongoing demonstrations and calls for a general strike versus the challenging-right government’s controversial drive to overhaul the justice procedure, on March 27, 2023. (Photo by HAZEM BADER / AFP) (Picture by HAZEM BADER/AFP by means of Getty Visuals) Hazem Bader | Afp | Getty Photographs Israeli […]

Read More