According to sources familiar with the issue, Tesla Inc (NASDAQ : TSLA) has confirmed the restoration of weekly throughput at the Shanghai production plant to almost 70% of pre-pandemic levels.

Tesla ramps production in Shanghai Giga factory 

According to the people who asked not to be identified, the American automaker, which recruited a second set of employees a mid-last week, is set to boost output, even more this week, according to the people who asked not to be identified because the topic is confidential. A request for information from Tesla was not immediately returned.

Getting manufacturing back to pre-pandemic lockdown levels at Tesla’s Shanghai plant, popular as Gigafactory 3, has been difficult because of the continuing lockdown of China’s industrial hub, which prompted the plant to close for 22 days.

While the municipal government had provided significant assistance to Tesla in its efforts to reopen, the firm had faced various challenges, including a lack of labor and logistical issues that hampered the supply of parts, particularly wire harnesses.

This prompted it to postpone preparations to reopen or boost output on several occasions, and it even had to cease the majority of its operations at the factory at some point.

According to figures supplied by the China Passenger Car Association, after restarting on April 19, 2022, the Tesla plant manufactured 10,757 automobiles by the end of April 2022, selling 1,512 of the cars.

In comparison, 65,814 cars were delivered in March, the company’s lowest sales total since April of 2020, around four months after the plant began supplying China-made vehicles.

Shanghai authorities to waive restrictions in business reopening 

According to a city employee, Shanghai officials will waive numerous criteria for companies to reopen on Wednesday as it prepares to remove the city-wide curfew that began two months ago and implement initiatives to help the city’s devastated economy.

Its attempts to boost demand included raising 40,000 vehicle ownership limits for the year and subsidizing persons who switch from gasoline-powered vehicles to electric vehicles.

After the country’s strict zero-COVID travel restrictions impeded manufacturing and slowed consumption, Premier Li Keqiang urged local officials last week to take steps to spur economic growth.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg,,, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.