Tesla Launches First International Data Center In China

Tesla Inc TSLA tweeted about the launch of its research center and a separate data center in Shanghai.
Tesla manufactures Model 3 sedans and Model Y sport-utility vehicles in the center, Reuters reports.
Tesla's first international auto research and development center employs software, electronics, materials, and charging engineers.
The new data center for factory production will store Tesla's operation data locally as per China's latest regulatory directive.
During the global semiconductor chip crisis over the past months, Tesla's research team tweaked some software programs and made adjustments to ease the pressure brought by the chip shortage.
Tesla shares are trading higher following news Hertz Global Holdings Inc HTZZ will order 100,000 Tesla vehicles by the end of 2022.
Price Action: TSLA shares traded higher by 9.30% at $994.07 on the last check Monday.