According to a Bloomberg report, Tesla has suspended production at its factory near Shanghai, China. Production was expected to resume today after a 5-day long Chinese holiday but the start has been postponed to at least Saturday, May 9. There is no official reason behind the decision as news was not confirmed by the company yet. However, Chinese media explain the delay with component shortages.
Chinese factory helped Tesla (TSLA.US) report better-than-expected results for Q1 2020. Shares may find themselves under pressure after production was suspended. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
