Tesla responded that it is false news that it plans to reduce the Model Y production at the Shanghai Gigafactory.

(Reuters)

[Financial Channel/Comprehensive Report] It was previously reported that Tesla plans to reduce the Model Y production at the Shanghai Gigafactory, but Tesla responded that this is false news.

"Xinhua News Agency" reported that in November, Tesla delivered 100,291 vehicles from the Shanghai factory, setting a new record for monthly vehicle deliveries and breaking through 100,000 vehicles for the first time.

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According to sources, Tesla plans to cut the Model Y production at the Shanghai plant by more than 20% in December in response to lower demand in China than expected. This is a decision made after evaluating the company's recent performance in the domestic market. Enough flexibility to increase production.

In this regard, Tesla denied the report of production reduction, and Tesla stated in the statement that it was not true.

According to data from the China Passenger Car Association, purely from the perspective of output, the production efficiency of the Shanghai plant is high.

Since the beginning of 2022, more than 650,000 vehicles have been delivered, surpassing last year's 484,130 vehicles, so even if Tesla really wants to cut production by 20%, the monthly output of the Shanghai factory will be about 80,000 vehicles, which means that it will take about 1 year. Capable of producing nearly 1 million vehicles, it remains the world's highest-capacity electric vehicle factory.

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