Tesla Inc. was trading slightly higher in the premarket on Tuesday after a three-day reversal to the upside saw the electric vehicle giant soar by 21 percent.
The company’s Shanghai production facility is currently rolling about 2,000 new vehicles off its assembly lines, which is about 70 percent of its pre-lockdown output capacity, after re-adding a second shift last week. Surging COVID-19 cases in Shanghai led to lockdown the city earlier this year and Tesla has been grappling with worker shortages and supply chain issues as it continues to ramp up production.
