-- Tesla Inc. has halted plans to buy more land and expand its Shanghai production base due to uncertainties caused by current U.S.-China tensions, Reuters reports, citing unnamed sources.

-- The U.S. electric car maker in March held back from bidding on a plot of land across the road from its existing Shanghai plant because it no longer intended to ramp up China production capacity significantly for now, Reuters cites sources as saying.

-- Tesla said its Shanghai factory was "developing as planned", according to Reuters.

Full story: https://reut.rs/3f4Ibwi

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05-11-21 0542ET