- Tesla Inc (NASDAQ:TSLA) tweeted about the launch of its research center and a separate data center in Shanghai.
- Tesla manufactures Model 3 sedans and Model Y sport-utility vehicles in the center, Reuters reports.
- Tesla’s first international auto research and development center employs software, electronics, materials, and charging engineers.
- The new data center for factory production will store Tesla’s operation data locally as per China’s latest regulatory directive.
- During the global semiconductor chip crisis over the past months, Tesla’s research team tweaked some software programs and made adjustments to ease the pressure brought by the chip shortage.
- Tesla shares are trading higher following news Hertz Global Holdings Inc (OTC:HTZZ) will order 100,000 Tesla vehicles by the end of 2022.
- Price Action: TSLA shares traded higher by 9.30% at $994.07 on the last check Monday.
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