Tesla stock drops as Elon Musk's EV maker extends slowdown of Shanghai plant through January

Dec 27 2022 by Business Insider

 
Elon Musk.

Reuters

Tesla will run a reduced production schedule at its Shanghai plant from January 3 to January 19 and will halt output from January 20 to January 31, Reuters reported. Tesla had already moved up its planned eight-day production stoppage a day early. The company's largest worldwide plant by output is facing a wave of COVID-19 infections among staff.

Shares of Tesla fell 5% Tuesday as the company extended the slowdown of its Shanghai factory, which is its largest worldwide plant...

Continue Reading Tesla stock drops as Elon Musk's EV maker extends slowdown of Shanghai plant through January