Tesla's Excess Capacity Woes Centered in China
Tesla goes to bizarre extents to prop up output at its Shanghai factory, risking profitability.
Elon Musk visited China in early June and met with top CCP officials. Tesla’s Shanghai factory was undoubtedly a major topic of discussions, given the huge amount of jobs it has created, including suppliers, and its waning capacity utilization. Before his visit, Tesla announced plans of a new battery storage factory in China and launched 9,000 units of …
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