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According to a new report, there will be a pause in production at the factory this week.
The facility will suspend production for a day on Monday, according to the report. The report said that employees have not been told if the pause will last for more days.
Production at the Shanghai plant was stopped for two days earlier this month due to COVID restrictions. According to data from the China Passenger Car Association, the facility produces more than 2,000 vehicles a day.
On Sunday, a MarketWatch email was sent toTesla, but it did not receive a response. The media relations department was dissolved.
The city of 25 million will be locked down in two stages. About 11 million people will be locked up for four days. The second will affect 14 million people and last four days. Non-essential workers will have to work from home, public transit will be shut down and people will not be allowed to go out.
China is experiencing its worst COVID-19 outbreak since the early months of 2020 as the omicron variant rapidly spreads.
Compared to the S&P 500, which is down 4.6% this year and 14.0% over the past 12 months,Tesla stock is up 64 percent over the past year.
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