Tesla suspends production at Shanghai factory for 4 days to comply with COVID curbs – sources By Reuters

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© Reuters. FILE PHOTO: A truck transports new Tesla cars at its factory in Shanghai, China May 13, 2021. REUTERS/Aly Song/File Photo

SHANGHAI (Reuters) -U.S. automaker Tesla (NASDAQ:) is suspending production at its Shanghai factory for four days after the city announced on Sunday night it would lock down in two stages to carry out mass testing for COVID 19, two people familiar with the matter said.

The company has notified its workers and suppliers of the move, the people said.

It initially attempted to create a closed loop to continue production and called workers in on Sunday, one of the sources said. However, it allowed them to leave that evening after it decided it did not have enough provisions for them, the source added.

Tesla did not immediately respond to a request for comment on Monday.

China’s financial hub of Shanghai said on Sunday it would lock down the city in two stages to carry out COVID-19 testing over nine days.

Authorities said they would divide Shanghai in two for the exercise, using the Huangpu River that passes through the city as a guide.

The Tesla factory is in the Lingang district of Pudong new area, which is part of Shanghai’s first lockdown stage. Its lockdown started early on Monday and is scheduled to last until Friday morning.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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© Reuters. FILE PHOTO: A truck transports new Tesla cars at its factory in Shanghai, China May 13, 2021. REUTERS/Aly Song/File Photo

SHANGHAI (Reuters) -U.S. automaker Tesla (NASDAQ:) is suspending production at its Shanghai factory for four days after the city announced on Sunday night it would lock down in two stages to carry out mass testing for COVID 19, two people familiar with the matter said.

The company has notified its workers and suppliers of the move, the people said.

It initially attempted to create a closed loop to continue production and called workers in on Sunday, one of the sources said. However, it allowed them to leave that evening after it decided it did not have enough provisions for them, the source added.

Tesla did not immediately respond to a request for comment on Monday.

China’s financial hub of Shanghai said on Sunday it would lock down the city in two stages to carry out COVID-19 testing over nine days.

Authorities said they would divide Shanghai in two for the exercise, using the Huangpu River that passes through the city as a guide.

The Tesla factory is in the Lingang district of Pudong new area, which is part of Shanghai’s first lockdown stage. Its lockdown started early on Monday and is scheduled to last until Friday morning.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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