Tesla

Zhu was in Austin this week and brought some of his engineering team from China to help oversee the Giga Texas ramp-up, according to Bloomberg.

Zhu's Tesla CEO position will be global, but the scope of responsibility may be limited to the automotive business and not include self-driving and robotics programs, according to Chinese media.

As Tesla's insurance subsidy for Chinese consumers buying inventory cars was halved in December, it's offering new discounts to spur demand.

The production cut at Tesla's Shanghai plant will take effect as soon as this week, a move estimated to likely reduce output by about 20 percent, according to Bloomberg.

This represents an 89.73 percent increase over the 52,859 vehicles sold in the same month last year and a 39.87 percent increase over the 71,704 vehicles sold in October.

While the latest change appears to mean little change in wait times for Tesla models in China, the move is worth watching.

During wake-up from park, the outline lights on some vehicles may fail to illuminate due to a software error during the initialization of internal parameters.

Tesla is working on a redesign of the Model 3 codenamed "Highland," with a focus on reducing the number and complexity of the model's interior, according to Reuters.

Tesla's recall includes 67,698 imported Model S, Model X electric vehicles, and their problems will be fixed through OTA update.

Tesla's two promotions in China over the past two months have not had the desired effect, local media said.