The key to Tesla, Inc. (NASDAQ: TSLA) hitting its sales target for the year is the speedy ramp of Giga Shanghai, which faced disruptions from COVID-19 lockdowns in China. It now appears the company may take longer than previously expected to return to business as usual.
What Happened: Significant improvement in production activity at Giga Shanghai is unlikely until June, prominent analyst Ming-Chi Kuo of TFI Securities said in a series of tweets. This could mean a slower ramp than the mid-May timeline, as reported by several media outlets.
