Tesla Stock Gains 1.5% Premarket After a 7% Rally in Prior Session
Tiger Newspress2024-12-26
Tesla stock gained 1.5% in premarket trading after a 7% rally in prior session.
US carmaker Tesla said the construction of its Shanghai mega factory will be completed at the end of the year, Xinhua reported Wednesday.
The factory will produce 10,000 units of Tesla's energy-storage batteries, Megapack, every year after its production begins in the first quarter of 2025.
The batteries to be produced will have an energy storage equal to about 40 gigawatts.
About 1.45 billion yuan was invested into the factory, which has an area of approximately 200,000 square meters, the report said, citing the administration of Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone.
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