Tesla cuts Dec Model Y output at Shanghai plant by more than 20% versus Nov – sources
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Tesla plans to cut December output of the Model Y at its Shanghai plant by more than 20%.
Tesla plans to cut December output of the Model Y at its Shanghai plant by more than 20% from the previous month, two people with knowledge of electric vehicle (EV) giant's production plan said on Monday. Tesla did not immediately respond to a request for comment on the planned cut, first reported by Bloomberg, and Reuters was unable to immediately ascertain the reason for reduction. Inventory levels at Tesla's Shanghai plant rose sharply after it completed an upgrade of the manufacturing facilities in summer, with EV inventory increasing at its fastest pace ever in October. The U.S. automaker has cut prices for Model 3 and Model Y cars by up to 9% in China and offered insurance inc...