Tesla: the restoration of production in Shanghai delayed? – 05/16/2022 at 14:10

(AOF) – Tesla would delay by at least a week its plan to return production at its Shanghai factory to the level before the confinement of the Chinese city following the new wave of Covid. This is shown in an internal document consulted by Reuters. The news agency adds that the firm of Elon Musk intended to increase its production on site to 2,600 vehicles per day from Monday. In the pre-opening of Wall Street, the title of the manufacturer of electric vehicles is almost stable.

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New giant in used cars

The market, which represents 400 billion euros in Europe, is subject to a movement of concentration. The British group Constellation has taken over the retail platform, CarNext. The objective is to form a European leader in the sector and to impose itself against other leaders such as the German AutoHero, the British Cazoo or the French Aramis Auto. Fundraising is accelerating. The British Cazoo has announced its listing on the New York Stock Exchange via a Spac (Special Purpose Acquisition Company) to raise $1.6 billion. The German Auto1 Group raised 1.8 billion euros on the Frankfurt Stock Exchange while the French Aramis Group, a subsidiary of Stellantis, entered the Paris Stock Exchange.

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