SHANGHAI, Sept 27 (Reuters) - Tesla (TSLA.O) plans to hold production at its Shanghai plant at about 93% of capacity through the end of year, despite a recent upgrade, two people with knowledge of the matter said, in a rare move for the U.S. maker of electric vehicles.
Since the plant opened in its second largest market in late 2019, Tesla has sought to run the facility in China’s commercial hub at full capacity, and recently upgraded its weekly output by 30%, to a maximum of 22,000 vehicles.
The sources, who spoke on condition of anonymity as the matter is not public, did not give a reason for the decision not to run the plant at full tilt, though one said the figure was lower than he had expected.
$TSLA daily chart
$TSLA Weekly chart
$TSLA Monthly chart