More Clouds Loom Over Tesla, Nio and Volkswagen

Published by
The Street

By Kirk O’Neil The resurgence of the Covid-19 pandemic in China adds a new headache to manufacturers of electric vehicles. Electric vehicle deliveries from automobile manufacturers in China face an unknown future as EV makers like Tesla, Volkswagen and Nio keep plants closed over Shanghai’s Covid lockdown and related supply chain issues. Authorities in Shanghai have not said when they plan to completely lift their Covid lockdown, which they implemented on March 28, though officials lifted some restrictions in certain areas on April 11, Reuters reported. Tesla (TSLA) – Get Tesla Inc Report and …

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