06:23 AM EST, 01/15/2025 (MT Newswires) -- Tesla (TSLA) plans to halt part of its new Model Y production lines in Shanghai for three weeks starting Jan. 22 to optimize equipment for increased production of its refreshed SUV model, Bloomberg reported Wednesday, citing people familiar with the matter.

The suspension coincides with the Lunar New Year holiday.

The sources said another part of the Shanghai factory that produces Model 3 sedans will also be closed from Jan. 26 to Feb. 3.

Tesla did not immediately respond to requests for comment from MT Newswires.