Tesla Halts Shanghai Production Due to Covid. That Could Hit Deliveries. | Fintech Zoom – World Finance

)R-0000288838"³ > Text size (TSLA)" > Tesla has paused production in Shanghai after reports said it closed its factory following a city-wide surge in Covid cases that has prompted officials to implement sweeping restrictions. The closure could hit first-quarter delivery figures. Investors, however, look like they will give the company a pass if deliveries miss expectations due to Covid. Tesla (ticker: (TSLA) ) shares started out down in the premarket but recovered, up 4.79% to $1,059.22. The company said it was seeking shareholder authorization to increase the number of common shares allowed a head of a possible stock split. That…