'Tesla To Resume Giga Shanghai Phase 1 Battery Plant To Support Project Highland: Report' - TESLARATI
Portfolio Pulse from Benzinga Newsdesk
Tesla is reportedly planning to resume operations at its Giga Shanghai Phase 1 battery plant to support Project Highland. The move is expected to boost Tesla's battery production capacity.
August 22, 2023 | 3:32 pm
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Tesla's decision to resume operations at its Giga Shanghai Phase 1 battery plant could potentially increase its battery production capacity, which may positively impact its stock.
The resumption of operations at Tesla's Giga Shanghai Phase 1 battery plant is expected to increase the company's battery production capacity. This could lead to an increase in the production of Tesla's electric vehicles, potentially leading to higher sales and revenues. As a result, this could have a positive impact on Tesla's stock.
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