Tesla has increased its production of its mass-market electric Model 3 to over 2,000 units per week, according to an email from Elon Musk obtained by several media outlets. It’s an impressive ramp up of production, but it still falls short of Musk’s goal of 2,500 Model 3s per week by the end of the first quarter of 2018.
The news about Model 3 production comes at a crucial time for the automaker, which has seen its stocks tumble to their lowest level in seven years amid questions about the company’s financial future. Last week, Tesla made news back-to-back, first with its biggest vehicle recall yet, and later when it acknowledged that a fatal crash involving a Model X in California occurred while its semi-autonomous Autopilot system was...
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