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31 Mar 2022

Tesla Extends Shanghai Plant Suspension Amid Lockdown

The Index Today

An internal notice seen by Reuters showed that Tesla (NASDAQ:TSLA) is extending a production halt at its Shanghai factory for at least one day.

The Shanghai factory, located in the Pudong district east of the city's Huangpu River launched a two-stage lockdown to combat a surge in COVID-19 cases causing the suspension of Tesla EV cars production from Monday to Thursday.

In addition to the Reuters report, the two people familiar with the matter said Tesla had yet to secure permits from Shanghai government for its trucks to deliver assembled electric cars outside of Pudong to western parts of the city.

Shanghai is set to lock down areas west of the river from the early hours of Friday morning.

Tesla declined to comment on the suspension of production.

©Photo: Mason Trinca | The Washington Post | Getty Images

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