Tesla is looking to rapidly expand its charging network in China. The new factory, which is expected to complete in February 2021, will have the capacity to manufacture 10,000 chargers a year.
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The automobile manufacturer has denied all reports by stating that not only are the allegedly fired employees still working with the company but they have also been offered work on multiple occasions.
The automaker said that it delivered about 90,650 vehicles during the second quarter, exceeding expectations by analysts. Since then, Tesla's shares have surged by roughly 8 percent.
Documents obtained from the city government show that the automaker plans to build a battery manufacturing facility in Fremont. The project called "Roadrunner" will operate around the clock.
Adjustments in prices come amidst the reduction in car demand during the coronavirus crisis. Tesla has announced that prices of cars will be cut in North America, and China in a bid to increase sales.
Tesla has asked California employees to return to work in defiance of county orders. The automaker has sued the local county for alleged violation of the constitution by defying the governor's orders.
Tesla's Fremont plant, which was closed in mid-March due to the coronavirus lockdowns, is the only automaker in California. Musk is threatening to pull the firm's operations out of the state.
As per a regulatory filing on Friday, the firm has secured a $565 million (up to 4 billion yuan) loan for its Shanghai plant, which will be used for expanding production at the site.
The plant has been closed since mid-March after lockdowns were put in place to curb the spread of the coronavirus. However, the company is planning to resume operations at the factory on Friday.
Forecasting the risk of a global shortage of ventilators due to COVID-19, Tesla has released a video giving a behind the scenes peek into the design process for its first ventilator prototype.
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