Tesla significantly shortens schedule for Shanghai factory operation, demand in China declines



It is reported that

Tesla's stock price fell 69% in 2022 . The reasons include distrust of CEO Elon Musk and concerns about declining demand in markets such as China. In China, it turned out that Tesla plans to extend the shutdown period of the Shanghai factory and reduce production.

Exclusive: Tesla to run reduced output in Shanghai in January, plan shows | Reuters
https://www.reuters.com/business/autos-transportation/tesla-run-reduced-output-shanghai-january-plan-shows-2022-12-27/



Tesla stock marks lowest close in years as investors worry about Musk's focus | Tesla |

https://www.theguardian.com/technology/2022/dec/27/tesla-stock-drops-lowest-close-years-elon-musk

Tesla suspends production at its Shanghai plant, according to an internal notice
https://www.cnbc.com/2022/12/24/tesla-suspends-production-at-its-shanghai-plant-according-to-an-internal-notice-.html

It has become clear that the operation period from the end of December 2022 to January 2022 at the Shanghai factory, which has 20,000 employees and is an important production base for Tesla, has been shortened than planned. rice field.

Originally, it was scheduled to be closed in the last week of December, but the schedule was actually pushed forward, and it has been closed since December 24th.
It will be a long holiday during the Chinese New Year from the 20th to the 31st.

Considering that we were operating until the last week of the end of 2021 and had only three days off for Chinese New Year, we can see that this schedule is unusual.

In fact, demand for Tesla is declining in China, and Reuters reports that Tesla's average daily sales volume fell by 28% compared to the same period last year, according to figures issued by securities companies. Tesla said that it is subsidizing insurance premiums as a measure to stimulate demand and cutting Model 3 and Model Y by up to 9%.

The fact that the demand for EVs is not declining is clear from the fact that sales in the Chinese automobile market as a whole have increased by 15% year-on-year.

It is reported that Elon Musk, CEO of Tesla, has sold a considerable amount of Tesla shares, probably because he spent considerable assets on the acquisition of Twitter. Mr. Mask's movements have caused investors to distrust him, saying, ``Is he lost interest in Tesla?'' ``Is he obsessed with Twitter?''

Elon Musk sells Tesla shares worth about 495 billion yen to compensate for Twitter's losses, this is the fourth time since announcing the acquisition of Twitter - GIGAZINE



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