Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens Digital Whale, Mr. Aviation for the delivery of clues! CTOnews.com, May 29 / PRNewswire-Asianet /-- drone observer Wu Wa found that the Model 3 production line of Tesla's Shanghai super factory seems to have been suspended, combined with a large number of previous revelations that the new Model 3 model will start production in the Shanghai super factory.

Just now, Reuters quoted three people familiar with the matter as saying that Tesla CEO Elon Musk is expected to visit China this week, which will be his first visit to China after three years since dancing at Tesla's Shanghai factory in early 2020. It is said that Musk will meet with Chinese officials and prepare to inspect Tesla's Shanghai factory.

According to the current data, China is Tesla's second largest market after the United States, and the Shanghai Super Factory is already Tesla's largest production center in the world.

With the weakening demand in the global automobile market and the intensified competition among Chinese car companies, Tesla's output is already higher than the market demand, and Musk's visit to China may be to solve this problem.

It is reported that Tesla has submitted a plan to the local government to expand the powertrain capacity of the Shanghai plant to 1.75 million units a year. In addition, the company said in April that it would build a plant in Shanghai to produce Megapack energy storage products, but Tesla has not provided any details on its Shanghai plant's plan to increase production by 450000 vehicles a year.

As of CTOnews.com 's press release, Tex Latin America's after-hours offer of $194 per share rose slightly, with a market capitalization of about $605.292 billion.

Related readings:

"it is reported that Tesla's modified Model 3 car will soon be trial-produced in Shanghai to strengthen competition with domestic brands."

"the Model 3 production line of Tesla's Shanghai factory has been exposed to be shut down, suggesting that a revamped model is coming."

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