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Tesla refutes reports of output cuts in China

Yahoo Finance Video

Tesla stated that reports of production cuts at its plant in Shanghai, China were "untrue."

Video transcript

- And an update now. We were just talking about Tesla with our Pras Subramanian. The company is now responding to those reports that said its production plant in Shanghai is cutting output of its Model Y this month.

The EV maker calls this report untrue. Multiple reports, by the way, said the company's production was set to fall by over 20% versus November. Again, Tesla now says that is not.