Tesla plans to halt assembly of the Model Y vehicle at its Shanghai plant between December 25 and January 1, Reuters’ Zhang Yan and Brenda Goh report. According to two people with knowledge of the matter, the suspension is part of a cut in planned production of about 30% in the month for the Model Y at the plant. Reference Link
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on TSLA:
- Tesla Shoots Up on Impressive Shanghai Deliveries
- Tesla Likely to Slash Model Y Output in China
- Twitter vs. Tesla (NASDAQ:TSLA); Musk’s Babies Vying for Attention
- NHTSA seeks info on potentially defective air-bag inflators, WSJ reports
- Bankers consider Tesla margin loans to cut risky Twitter debt, Bloomberg reports