That’s all I can find on this story. There were rumors this was going to start immediately and last til the end of year. Not true. The temporary shutdown starts 25 DEC 22 and ends 1 JAN 22. I don’t see this as a big catalyst to short $TSLA here.
Reuters reported Friday that the Model Y output suspension will begin on December 25 and last through January 1, according to a company memo, and ultimate reduce output of the sedan by around 30% from November levels.
The move would mark the first time Tesla has voluntarily lowered output levels since the factory was opened in 2018, although Covid restrictions and scheduled maintenance clipped production earlier this year.
The report follows shortly on the heels of a move by Tesla to offer further discounts to China-based buyers of its Model 3 and Model Y sedans, provided the purchase is completed by the end of the year, adding to price cuts unveiled in October.