For many months, the electric car manufacturer Tesla has not taken any lengthy production breaks in its most important factory in Shanghai. Internal shift schedules show that this is about to change. The main manufacturing facility will remain closed over the Chinese New Year celebrations.
According to internal plans, the production lines at the Tesla plant in Shanghai will be idle for almost two weeks in January. At the beginning of 2023, the US electric car manufacturer only wants to produce in its most important factory from January 3rd to 19th, according to internal shift schedules. Around the Chinese New Year (January 21-27), Tesla will stop the tapes from January 20-31. Tesla did not give a reason for this. The company, founded by Elon Musk, did not initially respond to a request.
Tesla shares fell by around two percent before the US IPO. The stock has lost around 65 percent over the course of the year. Last Saturday, Tesla largely halted production in Shanghai for the remainder of the year. The metropolis is currently affected by a wave of corona infections.
At the end of last year and the beginning of this year, the electric car manufacturer did not take any lengthy breaks in production; for Chinese New Year 2022, the tapes had only been stopped for three days. In the first nine months of the year, more than half of all new Tesla cars worldwide came from the car factory with around 20,000 employees.
The US group had set itself the goal of increasing production and deliveries by half this year. Analysts trust Tesla but only a plus of 45 percent. Demand for Tesla electric cars in China, the world’s largest automobile market, has recently eased. Earlier this month, the carmaker lured buyers of its Model 3 and Y models in China with a discount of up to nine percent if they buy the vehicles later this year – in addition to a fee for insuring the cars.
