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A primary factor influencing Tesla’s stock performance today revolves around ongoing concerns about COVID-19 lockdowns in China. The automaker Neo, which operates close to Shanghai—about 300 miles away—announced a suspension of production due to strict COVID measures. This development was already anticipated yesterday, and with Shanghai considering the possibility of another lockdown, supply chain worries intensified. While Tesla’s own gigafactory might remain operational, the broader ecosystem of suppliers and partners could face disruptions, potentially slowing down production or delaying ramp-up schedules.