News Snapshot:
SHANGHAI — Tesla has halted most of its production at its Shanghai factory due to issues 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 were already down 98% in April from a month earlier, data released Tuesday by the China Passenger Car Association (CPCA) showed, which dealt with the blow of the harsh COVID-19 virus. lockdowns in China underlined. Shanghai is in the sixth week of an intensification of the lockdown that has tested manufacturers’ ability to operate amid...
