Tesla Inc. (TSLA) plans to invest an additional $187.91 million (1.2 billion yuan) to expand its Shanghai factory. According to Reuters, the investment will boost its production capabilities and create jobs for 4,000 workers. Shares of the electric vehicle (EV) maker closed at $1,116 on November 25. The report cited the Beijing Daily newspaper as a source, which attributed its information to a Shanghai government platform for companies' environmental information disclosures. Tesla submitted a filing on the platform on November 23, which showed its intent to further invest in the facility. The additional employment will increase the total number of staff to 19,000.
https://www.tipranks.com/news/tesla-to-invest-188m-for-shanghai-factory-expansion?utm_source=advfn.com&utm_medium=referral
Tesla (NASDAQ:TSLA)
Historical Stock Chart
From Dec 2021 to Jan 2022 Click Here for more Tesla Charts.
Tesla (NASDAQ:TSLA)
Historical Stock Chart
From Jan 2021 to Jan 2022 Click Here for more Tesla Charts.