(AOF) – The car manufacturer Tesla, whose action should evolve in the green at the opening after having fallen sharply the day before, has indicated that it intends to slow down the pace of production in January at its factory in Shanghai, in China, which employs 20,000 people. This decision comes in a context of a sharp increase in Covid-19 contaminations and a drop in demand for its models.
Elon Musk’s company will produce next month for 17 days, from January 3 to 19, and will suspend its activity from January 20 to January 31 for an extended break on the occasion of the Chinese New Year holidays, specifies Reuters.
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A paradoxical performance
Data from EY highlights that the performance of the world’s top 16 manufacturers was particularly strong in 2021. While the average margin has fallen for three years in a row, from 6.3% in 2017 to just 3.5% in 2020 , this margin stood at 8.5% in 2021. This level is a record for ten years. However, the context was particularly hectic for manufacturers, faced with unprecedented shortages of components. Global sales fell 14% in 2020, the year of the health crisis, to rebound by only 5% in 2021. However, last year, players were able to reap the benefits of their efforts on their fixed cost structure. .