Tesla

Tesla is aiming to produce slightly more than 20,000 Model Ys in the last three weeks of December, including the week when output is suspended, according to Reuters.

In addition to shortening shifts, the onboarding process for some new employees at Tesla's Shanghai plant has been suspended, according to Bloomberg.

From January to November, Tesla delivered 397,844 vehicles in China, up 59.05 percent from 250,141 vehicles in the same period last year.

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.