Tesla's (TSLA) factory in Shanghai, China, is believed to have produced 300,000 cars in the first nine months of the year. Citing sources with knowledge of the matter, Reuters reports that the factory achieved the milestone amid the global semiconductor shortage. TSLA shares rose 2.75% to close at $774.39 on September 24. Tesla is a U.S. company that designs, manufactures, and sells electric cars. It also develops and sells energy generation and storage systems. In the first eight months of the year, close to 240,000 vehicles had been shipped from the Shanghai factory.
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