Tesla (NASDAQ:TSLA) is set to maintain a reduced production schedule at its Shanghai plant to start 2023, per Reuters.
According to an internal schedule viewed by the outlet, the automaker will run production for 17 days in January between January 3 and 19 and then will stop EV output through the end of the month for an extended Lunar New Year break. The schedule cuts continue production pullbacks pursued to close 2022.
Tesla (TSLA) had previously pushed back on reports of production cuts, calling the details of the reporting in early December “untrue.” Tesla did not respond to requests for comment on the latest reporting.
Tesla (TSLA) shares edged 5% lower in premarket trading on Tuesday.
Source: Seekingalpha
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