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Tesla suspends production at Shanghai plant

Published Dec 24, 2022 07:52AM ET Updated Dec 24, 2022 10:10AM ET
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© Reuters. FILE PHOTO: Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. REUTERS/Aly Song
 
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SHANGHAI (Reuters) - Tesla (NASDAQ:TSLA) suspended production at its Shanghai plant on Saturday, according to an internal notice and two people with knowledge of the matter, bringing ahead a previous plan to pause most work at the plant in the last week of December.

The U.S. automaker cancelled the morning shift and told all workers at its most productive manufacturing hub they could start their break, said the people and the notice seen by Reuters. The company did not give a reason.

Reuters reported earlier this month that the electric car giant planned to suspend Model Y production at the plant from Dec. 25 to Jan. 1.

The suspension comes among a rising wave of infections after China eased its zero-COVID policy earlier this month, an abrupt move welcomed by businesses and the public but heavily disrupting business operations in the short term.

One of the people said workers at Tesla and its suppliers have also been falling sick as part of this wave, posing challenges to operations in the past week.

Tesla is also grappling with elevated inventory levels as its second largest market braces for a downturn.

The Shanghai plant has been focused on making models for export in the last week, the person added.

A media representative at Tesla China did not immediately respond to request for comment.

The plant’s suspension of Model Y assembly at the end of the month would be part of a cut in planned production of about 30% in the month for the model, Tesla's best-selling model, at the Shanghai factory, Reuters had reported.

The Shanghai factory, the most important manufacturing hub for Elon Musk's electric vehicle company, kept normal operations during the last week of December last year.

It has not been an established practice for the plant to shut down for a year-end holiday.

Tesla suspends production at Shanghai plant
 

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Comments (9)
François Delepine
François Delepine Dec 26, 2022 11:53AM ET
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Suspend 1 week for annual factory maintenance
gab nea
gab nea Dec 25, 2022 8:38AM ET
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the erratic narcissist ruined twitter, now he is working on tesla! makes you wonder how he was successful at anything!
Dave Jones
Dave Jones Dec 25, 2022 6:03AM ET
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Shanghai surprise
Jay Garrelts
Jay Garrelts Dec 25, 2022 5:32AM ET
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They’ve been Shanghaied in Shanghai
Rida lmallali
Rida lmallali Dec 25, 2022 4:58AM ET
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🤝🤝🤝
Kerry Ditto
Kerry Ditto Dec 24, 2022 11:58PM ET
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this cold weather suggests no global warming. good thing about this unusual cold weather nationwide means less germs. massive stock mkt rally is ahead.
Benjamin USA
Benjamin USA Dec 24, 2022 11:58PM ET
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Hi i am kerry and i think the opposite of what is true!! 🤡🤡🤡
Benoit Avril
Benoit Avril Dec 24, 2022 11:58PM ET
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On the opposite. This extreme event likely shows how climate change is real.
MUKESH PARMAR
MUKESH PARMAR Dec 24, 2022 11:03PM ET
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buy between 45 to 75 sure bcoz Tesla loose top hill and jump from hill
rajesh vairale
rajesh vairale Dec 24, 2022 11:25AM ET
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Buy Tesla@$100 ... coming soon
Don Getty
Don Getty Dec 24, 2022 11:25AM ET
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why would you buy at 100 when it will likely be 50-60 soon
MRCANDU MRCANDU
MRCANDU MRCANDU Dec 24, 2022 9:30AM ET
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so good everyone for improvement 😎
 
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