US automaker Tesla suspends production in Shanghai after an internal notice: Report
According to the sources cited by Reuters, the company cancelled the morning shift of the employees and told all its workers to start their break. The company has not given any reason
US automaker Tesla suspended production at its Shanghai plant on Saturday, as per an internal notice, Reuters reported citing people familiar with the matter. According to the sources, the company cancelled the morning shift of the employees and told its workers they could start their break. The company has not given any reason.
Reuters had earlier this month reported that the company planned to suspend production at the plant from December 25 to January 1. The news of suspension comes amid rising Covid cases after the Asian country eased its 'zero-Covid policy'.
One of the people said that workers at the plant have been falling sick due to the current wave, delaying operations.
The abrupt move has been welcomed by businesses and the public but can heavily disrupt business operations.
Tesla CEO Elon Musk a few days back announced that for the coming 18 to 24 months, he won't be selling any shares to pacify shareholders of the company which saw its stocks falling.
Speaking on Twitter Spaces, Musk said, "I’m not selling any stock for 18 to 24 months."
Ever since Musk acquired Twitter, the billionaire has sold nearly $23 billion worth of Tesla shares since April this year.
(With inputs from agencies)
WATCH WION LIVE HERE