News Snapshot:
SHANGHAI — Tesla has halted most of its production at its Shanghai plant due to problems securing parts for its electric vehicles , according to an internal memo seen by Reuters, the latest in a series of difficulties for the factory. The automaker’s sales in China had already slumped by 98% in April from a month earlier, data released by the China Passenger Car Association (CPCA) showed on Tuesday, underscoring the hit from China’s hard COVID-19 lockdowns. Shanghai is in its sixth week of an intensifying lockdown that has tested the ability of manufacturers to operate amid hard restrictions on...
