US Stock Market Move | Planned to temporarily suspend some new Model Y production lines in China during the Spring Festival for upgrades, Tesla, Inc. (TSLA.US) rose more than 5%.

On Wednesday, Tesla, Inc. (TSLA.US) rose more than 5%, reaching $417.26. According to sources, Tesla, Inc. is planning to temporarily pause some new Model Y production lines in China during the Chinese Lunar New Year to better optimize equipment. Sources say that the extended shutdown will allow Tesla, Inc. to more effectively prepare for increased production of the new model. Model Y is one of Tesla, Inc.'s best-selling models and the company started accepting orders for the new model last week, with deliveries expected to begin in March.