Tesla, Inc. (TSLA) has opened a data center and a separate auto research and development (R&D) center in Shanghai - the company’s first outside of the U.S. According to Reuters, the workforce at the R&D center includes engineers for charging, materials, electronics and software. Tesla produces Model Y sport-utility vehicles and Model 3 sedans in Shanghai. Furthermore, the California-based electric vehicle (EV) maker will store local operation data at the data center after the Chinese government announced new draft measures last month, under which, companies need to store important industry-related data locally. Meanwhile, the EV manufacturer's shares jumped 12.7% on Monday to close at $1,024.
https://www.tipranks.com/news/tesla-opens-data-center-rd-center-in-shanghai?utm_source=advfn.com&utm_medium=referral
Tesla (NASDAQ:TSLA)
Historical Stock Chart
From Nov 2021 to Dec 2021 Click Here for more Tesla Charts.
Tesla (NASDAQ:TSLA)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more Tesla Charts.