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2022-05-05
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TSLA Stock Is a Buy as Tesla Ramps Up Shanghai Gigafactory
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When China’s rising Covid-1","content":"<html><head></head><body><p><b>Tesla</b>(NASDAQ:<b><u>TSLA</u></b>) is once again proving that nothing will keep it down. When China’s rising Covid-19 cases forced the electric vehicle (EV) leader to close the doors of its Shanghai gigafactory, it sparked concern. Some experts worried that the loss of production time would impede Tesla’s progress. For a while, those concerns were valid. Today, though, TSLA stock is back in focus on promising production reports out of Shanghai. One of the company’s biggest constraints may be subsiding.</p><p>What’s Happening With TSLA Stock</p><p>TSLA stock has been rising since the beginning of the week. Why? Over the weekend, Zhang Hongtao, chief engineer of the Shanghai Economics and Information Technology Commission, addressed the company’s progress. At a press conference, he reported that Tesla production has returned to 80% of its previous output.</p><p>That figure has been good for TSLA stock. With production its largest EV facility back on track, one of Tesla’s biggest barriers has likely been eliminated.</p><p>Why It Matters</p><p>While China’s lockdown policies remain mostly in place, the country has opted to let whitelisted companies resume production. Tesla is on this list, and competitors such as <b>Volkswagen</b>(OTCMKTS:<b><u>VWAGY</u></b>) have also returned to building cars at their China bases.</p><p>The fact that Tesla has managed to get production close to pre-shutdown levels in just a few weeks should remind investors of its ability to keep moving forward.</p><p>During Tesla’s recent earnings call, Elon Musk promised that the company’s Shanghai operations would be “coming backwith a vengeance.”His company is already delivering on that promise and it is poised to expand these efforts.</p><p>Tesla is planning to build a new facility next to the Shanghai gigafactory, creating “the world’s largest vehicle export hub.”<i>StreetInsider</i>reports that this new factory would be able to turn out 450,000 EVs per year. With the first stage of construction completed, the plant will begin producing Tesla Model 3 and Model Ys.</p><p>Of course, the Shanghai shutdowns were not Tesla’s only constraint. Supply chain concerns still remain a problem for all EV producers. However, they haven’t stopped Tesla from keeping pace with demand yet. And Musk is helping position the company to stay ahead of its competitors through its recently announced battery progress. All signs point to Tesla seeing smoother roads ahead as it moves forward in the EV race, particularly with production in China set to increase by such significant margins.</p><p>What Comes Next</p><p>As <i>The Guardian</i> reported late in 2021, “China is the world’s biggest market for EVs with total sales of1.3mvehicles last year, more than 40% of sales worldwide.” Demand throughout the country is only rising as the energy crisis inadvertently steers consumers toward EV purchases and Tesla is still the best positioned manufacturer to provide them. The newly expanded Shanghai plant is exactly what the company needs to dominate China’s EV market.</p><p>Now that the Shanghai gigafactory is demonstrating quick progress and getting to scale even more, investors can rest assured that Tesla’s share of China’s booming market will help elevate TSLA stock.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TSLA Stock Is a Buy as Tesla Ramps Up Shanghai Gigafactory</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTSLA Stock Is a Buy as Tesla Ramps Up Shanghai Gigafactory\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-05 07:54 GMT+8 <a href=https://investorplace.com/2022/05/tsla-stock-is-a-buy-as-tesla-ramps-up-shanghai-gigafactory/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla(NASDAQ:TSLA) is once again proving that nothing will keep it down. When China’s rising Covid-19 cases forced the electric vehicle (EV) leader to close the doors of its Shanghai gigafactory, it ...</p>\n\n<a href=\"https://investorplace.com/2022/05/tsla-stock-is-a-buy-as-tesla-ramps-up-shanghai-gigafactory/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://investorplace.com/2022/05/tsla-stock-is-a-buy-as-tesla-ramps-up-shanghai-gigafactory/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192982446","content_text":"Tesla(NASDAQ:TSLA) is once again proving that nothing will keep it down. When China’s rising Covid-19 cases forced the electric vehicle (EV) leader to close the doors of its Shanghai gigafactory, it sparked concern. Some experts worried that the loss of production time would impede Tesla’s progress. For a while, those concerns were valid. Today, though, TSLA stock is back in focus on promising production reports out of Shanghai. One of the company’s biggest constraints may be subsiding.What’s Happening With TSLA StockTSLA stock has been rising since the beginning of the week. Why? Over the weekend, Zhang Hongtao, chief engineer of the Shanghai Economics and Information Technology Commission, addressed the company’s progress. At a press conference, he reported that Tesla production has returned to 80% of its previous output.That figure has been good for TSLA stock. With production its largest EV facility back on track, one of Tesla’s biggest barriers has likely been eliminated.Why It MattersWhile China’s lockdown policies remain mostly in place, the country has opted to let whitelisted companies resume production. Tesla is on this list, and competitors such as Volkswagen(OTCMKTS:VWAGY) have also returned to building cars at their China bases.The fact that Tesla has managed to get production close to pre-shutdown levels in just a few weeks should remind investors of its ability to keep moving forward.During Tesla’s recent earnings call, Elon Musk promised that the company’s Shanghai operations would be “coming backwith a vengeance.”His company is already delivering on that promise and it is poised to expand these efforts.Tesla is planning to build a new facility next to the Shanghai gigafactory, creating “the world’s largest vehicle export hub.”StreetInsiderreports that this new factory would be able to turn out 450,000 EVs per year. With the first stage of construction completed, the plant will begin producing Tesla Model 3 and Model Ys.Of course, the Shanghai shutdowns were not Tesla’s only constraint. Supply chain concerns still remain a problem for all EV producers. However, they haven’t stopped Tesla from keeping pace with demand yet. And Musk is helping position the company to stay ahead of its competitors through its recently announced battery progress. All signs point to Tesla seeing smoother roads ahead as it moves forward in the EV race, particularly with production in China set to increase by such significant margins.What Comes NextAs The Guardian reported late in 2021, “China is the world’s biggest market for EVs with total sales of1.3mvehicles last year, more than 40% of sales worldwide.” Demand throughout the country is only rising as the energy crisis inadvertently steers consumers toward EV purchases and Tesla is still the best positioned manufacturer to provide them. The newly expanded Shanghai plant is exactly what the company needs to dominate China’s EV market.Now that the Shanghai gigafactory is demonstrating quick progress and getting to scale even more, investors can rest assured that Tesla’s share of China’s booming market will help elevate TSLA stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":249,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/616840391"}
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