Tesla Inc will shorten change hours at its Shanghai manufacturing facility and has delayed on-boarding of new employees at its most productive plant, according to a report by Bloomberg Information, sending shares down about 2% on Thursday.

The manufacturing facility in China will shorten shifts by about two hrs as early as Monday, the report added, citing sources familiar with the make a difference.

Tesla’s Shanghai plant is grappling with elevated inventory amounts amid slowing demand in China’s automobile market.

However, the plant recorded highest monthly revenue of a lot more than 100,000 autos in November.

The EV maker did not straight away react to a Reuters request for comment.

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