Tesla fears to have output loss of around 38,000 EVs due to Shanghai COVID-19 lockdown
Tesla’s China factory production has been suspended since March 28
By Arghyadeep Dutta
Published - Apr 15, 2022, 04:22 PM ET
Last Updated - Feb 22, 2024, 12:44 PM EST
Shanghai plant assembles roughly 2,000 cars every day
Tesla Inc (NASDAQ: TSLA) has hit a production snag for the first time outside the US, as its manufacturing in the Shanghai plant has been suspended for almost three weeks due to city-wide COVID-19 lockdowns in China’s financial hub.
Earlier this month, Dan Ives, an analyst at Wedbush Securities Inc, estimated that the plant typically produces around 2,000 cars every day, based on losses seen during the first quarter.
Tesla might have lost around 38,000 units since March 28, when the electric carmaker halted its facility, which makes the Model 3 and the Model Y for both export and domestic consumption.
