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Stock impact report

Tesla Scored Record China Sales In March, Says Industry Association [Yahoo! Finance News]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Tesla TSLAAccording to Cui Dongshu, CPCA’s secretary general, Tesla sales now account for about 30% of the battery electric vehicles sold in China. Ultimately the company plans to produce 150,000 Model 3 sedans from its Shanghai factory.Indeed, Tesla’s $2 billion Shanghai plant recovered from the coronavirus shutdown faster than peers due to local authority assistance. After resuming operations in February, the factory surpassed its pre-shutdown capacity, making 3,000 cars a week, the company revealed last month.Meanwhile Tesla recently decided to furlough non-critical employees without pay and temporarily cut executive salaries as much as 30%.The move is designed to enable the company to conserve funds while the coronavirus pandemic has caused much of its operations to be suspended. According to the company memo, Tesla plans to resume vehicle production on May 4 at its US facilities.Analysts remain divided on the outlook for TSLA stock. According to TipRanks, the stock has received n Show less Read more
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