Covid Stops Work at Tesla Plant. But the Stock Rises Because There Is Good News Too.
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Tesla is halting production at its Shanghai plant for a couple of days. It isn’t because of parts shortages. Tesla shares were rising anyway because investors have other things on their minds.
Reuters reported Wednesday that Tesla (ticker: TSLA) will pause production in China for a couple of days amid a rise of Covid-variant infections. Reuters referred to an internal Tesla notice. The company didn’t immediately respond to a request for comment about the report.
Production…
