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Main Risk to Tesla’s Goal For Record Output May Come From China

Elon Musk is confident that Tesla Inc. can produce a record number of electric vehicles this year, but the key to that may lie beyond his control and in the hands of the Chinese government.  

Work at Tesla’s Shanghai factory was halted earlier this year as the city enforced a two-month Covid-19 lockdown, and while the facility is up and running again, there’s no guarantee that authorities won’t impose more restrictions as China redoubles its Covid-Zero policy. That would threaten the company’s new production goal, which Musk announced Wednesday with Tesla’s second-quarter results