Tesla spikes despite news it temporarily shutdown Model 3 production last month (TSLA)
Tesla is up more than 5% Monday despite no significant positive news or Wall Street analyst upgrades. “Our Model 3 production plan includes periods of planned downtime in both Fremont and Gigafactory 1,” a Tesla spokesperson told Bloomberg News. “These periods are used to improve automation and systematically address bottlenecks in order to increase production rates. Most automakers schedule shutdowns into their production schedules to facilitate training, re-tooling of machines, or any other myriad of maintenance works.
Source:: https://finance.yahoo.com/news/tesla-spikes-despite-news-temporarily-191000271.html
