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Tesla shuts down Shanghai plant over supply issues: Report

Shortpedia

Content Team
Image Credit: Marketwatch

Tesla has decided to shut down its Shanghai plant on Tuesday amid tightening COVID lockdown. The factory was functioning well below capacity on Tuesday, according to Reuters. The US automaker has halted most of its production at the plant due to problems securing parts, according to an internal memo seen by Reuters. Tesla had planned as late as last week to increase output to pre-lockdown levels by next week.