Shares of Tesla (NASDAQ:TSLA) are lower today after Bloomberg reported that the firm will be temporarily halting production at its China plant. Tesla will be upgrading its factory in order produce a revamped Model 3. The halt is expected to last until the end of the month.
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Tesla is also planning to boost production in March, as it hopes to achieve its goal of 20,000 vehicles per week at its Shanghai factory.
Overall, Wall Street has a consensus price target of $202.46 on TSLA stock, implying 4.35% downside potential, as indicated by the graphic above.