Tesla has reduced its car production at its plant in China, Bloomberg News reported on Friday, as the US electric vehicle-maker grapples with slow demand and strong competition in the market.
The company earlier in March told employees at its Shanghai factory to lower output of both the Model Y sport utility vehicle and Model 3 sedan—the two types it makes in China—by working five days a week instead of the usual 6-1/2 days, the report said, citing people familiar with the matter.
Tesla did not immediately respond to a Reuters request for comment.
Reuters
