Tesla delays plan to restore Shanghai plant output to pre-lockdown levels

News Image

MG News | May 16, 2022 at 09:31 AM GMT+05:00

0:00

May 16, 2022: Tesla Inc has delayed a plan to restore production at its Shanghai plant to levels before the city's COVID-19 lockdown by at least a week, according to an internal memo seen by Reuters.

The U.S. electric car maker originally aimed to increase output at its Shanghai plant to 2,600 cars a day from May 16, Reuters reported earlier this month citing another memo.

But the latest memo said that it plans to stick to one shift for its Shanghai plant for the current week with a daily output of around 1,200 units. It also said that it would now aim to increase output to 2,600 units per day from May 23.

Tesla did not immediately respond to a request for comment.

Reuters

Related News

Name Price/Vol %Chg/NChg
KSE100 154,702.47
79.86M
1.28%
1962.10
ALLSHR 92,898.94
148.55M
1.13%
1040.47
KSE30 46,953.58
40.04M
1.58%
729.97
KMI30 223,019.80
37.45M
1.77%
3888.88
KMIALLSHR 60,422.09
84.98M
1.34%
796.81
BKTi 42,472.71
14.71M
0.87%
368.26
OGTi 32,573.06
4.22M
1.54%
495.20
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 70,355.00 71,140.00
70,145.00
-380.00
-0.54%
BRENT CRUDE 103.49 104.35
100.51
3.55
3.55%
RICHARDS BAY COAL MONTHLY 99.40 0.00
0.00
-11.50
-10.37%
ROTTERDAM COAL MONTHLY 123.30 123.30
123.30
1.70
1.40%
USD RBD PALM OLEIN 1,083.50 1,083.50
1,083.50
0.00
0.00%
CRUDE OIL - WTI 91.61 92.29
88.50
3.48
3.95%
SUGAR #11 WORLD 15.52 15.75
15.38
-0.18
-1.15%

Chart of the Day


Latest News
March 24, 2026 at 10:53 AM GMT+05:00

Oil shock spurs hawkish talk but EM assets hold firm


March 24, 2026 at 10:26 AM GMT+05:00

Mari Energies signs key agreements to boost gas supply


March 24, 2026 at 10:24 AM GMT+05:00

NBP issues foreign exchange rates


March 24, 2026 at 10:13 AM GMT+05:00

Pakistan takes the driver’s seat in Middle East crisis


March 24, 2026 at 10:03 AM GMT+05:00

Gold slides amid strong dollar, rising rates



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg