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Tesla plans to suspend production in its Shanghai factory from January 20th to January 30th, aligning with the Chinese New Year holiday — the most important holiday in China that halts most industrial activity. Historically, Tesla has only taken brief breaks during this period, but this year’s extended shutdown has contributed to investor concern.
There are speculations about the reasons behind this pause. Some suggest pandemic-related illness and safety measures, while others believe Tesla might be implementing updates or improvements on their factories. For instance, the company has yet to fully adopt its Giga casting technology for the Model 3 and Model Y in China, which could be an area of focus during this downtime.