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According to Bloomberg News, Tesla has scaled back production at its plant in China due to sluggish demand and increased competition in the electric vehicle market.
In March, the U.S. electric vehicle manufacturer instructed employees at its Shanghai factory to decrease output of both the Model Y SUV and Model 3 sedan.
This adjustment involved transitioning from a standard 6-1/2 day workweek to a five-day schedule, as reported by sources familiar with the matter.
As of now, Tesla has not provided an official response to inquiries regarding the production adjustments at its Shanghai facility. Requests for comment made by Reuters remain unanswered.
Volvo Cars has reduced its margin and revenue expectations for the second time this year. This
Safe Superintelligence (SSI), co-founded by former OpenAI chief scientist Ilya Sutskever, has successfully raised $1 billion
According to two sources familiar with the matter, Tesla plans to introduce a six-seat variant of
Cryptocurrency investors and industry executives plan to raise at least $100,000 for Vice President Kamala Harris
Warren Buffett’s conglomerate, Berkshire Hathaway, has reduced its stake in Bank of America (BofA) by selling
