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

Microsoft expands AI footprint in Australia with  billion investment
World

Microsoft expands AI footprint in Australia with $18 billion investment

SYDNEY, AUSTRALIA – APRIL 23: Chairman and CEO of Microsoft Satya Nadella speaks on stage during the Microsoft AI Tour at TikTok Entertainment Centre on April 23, 2026 in Sydney, Australia. Nadella, making his first visit to Australia since 2019, addressed business leaders, developers, and government representatives at the Microsoft AI Tour in Sydney on […]

Read More
Justin Trudeau tells CNBC that international organizations may no longer be fit for purpose. Watch live
World

Justin Trudeau tells CNBC that international organizations may no longer be fit for purpose. Watch live

Canada’s former Prime Minister Justin Trudeau said at CNBC’s CONVERGE LIVE in Singapore Thursday that international financial institutions were “spectacularly ill-adjusted” to respond to modern day issues. “You can look to different places around the world to realize that those institutions, whether it was the WTO or the IMF or what have you, aren’t necessarily […]

Read More
CNBC Daily Open: Markets cheer ceasefire — but hostilities continue
World

CNBC Daily Open: Markets cheer ceasefire — but hostilities continue

A commercial vessel is seen off the coast of Dubai on April 20, 2026. – | Afp | Getty Images Hello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. A ceasefire, in theory, is supposed to do one thing: stop the hostilities. The version unfolding in […]

Read More