Money

Tesla restores operations at Shanghai plant following crippling lockdowns

Published

4 years ago

May 31, 2022

After weeks of lockdown, Tesla has begun restoring the output of cars at its massive Shanghai factory.

The plant is now operating at 70 per cent of the level it was at before the city was thrown into a strict Covid-19 lockdown.

It’s expected output will only continue to increase, with the carmaker adding a second shift of workers in the middle of last week.

Tesla has been struggling for quite some time to bring overall production back to pre-pandemic levels.

Dubbed the Gigafactory 3, China’s lockdown of its economic hub meant Tesla was forced to shut for 22 days.

Shanghai’s government has played a big role in helping the E-V maker re-open, but the company is also being plagued by obstacles including staff shortages and supply chain problems.

Shanghai authorities have begun cancelling many conditions for businesses… so as they can resume normal work.

Related Topics:Politics Tech tesla trending

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

Money

Stocks tumble amid AI concerns and Trump tariff update

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Published

11 hours ago

February 24, 2026

Harvey Vargas

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Stocks plunged sharply as concerns over artificial intelligence and trade tensions rattled investors, sending the Dow down more than 800 points. Heavyweights like American Express, Goldman Sachs, and JPMorgan were key contributors to the drop.

Software companies were hit particularly hard after a report suggested AI could impact economic growth, triggering further losses across tech shares.

Trade-sensitive retailers including American Eagle Outfitters, Ralph Lauren, and Yeti Holdings also faced setbacks as market uncertainty spiked. Bonds, meanwhile, rallied as investors sought safety in a volatile market.

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Money

U.S. investors flee stock market for global opportunities

U.S. investors withdrew $75 billion from stocks in six months, fastest in 16 years, with $52 billion in 2026 alone.

Published

1 day ago

February 23, 2026

Harvey Vargas

U.S. investors withdrew $75 billion from stocks in six months, fastest in 16 years, with $52 billion in 2026 alone.

U.S. investors are withdrawing money from domestic stocks at the fastest rate in 16 years, with $75 billion leaving equity products over the past six months. The trend accelerated in 2026, with $52 billion pulled from Wall Street so far.

Concerns over AI risks and weaker performance at home are prompting investors to look abroad, even though a softer dollar makes foreign investments more expensive. Emerging markets are seeing inflows at the fastest pace in five years, according to Bank of America.

As global opportunities become more attractive, many U.S. investors are now evaluating overseas markets for growth potential.

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Money

US dollar strength hits NZ dollar amid FX market shifts

US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.

Published

4 days ago

February 20, 2026

Harvey Vargas

US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.

The US dollar is surging as strong economic growth in the United States contrasts with softer conditions in New Zealand. Policy divergence and complex global FX factors are putting pressure on the New Zealand dollar, leaving traders navigating choppy waters.

Steve Gopalan from SkandaFX breaks down how US interest rates are influencing key currency pairs like USD/JPY, and explains why hedging flows are crucial in today’s volatile environment.

We also explore the ripple effects of geopolitical tensions on oil and broader markets, while examining the Australian labour market’s role in shaping the Reserve Bank of Australia’s monetary policy.

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