Tesla Shares Up on Production Increase

Tesla model 3

CBJ — Tesla CEO Elon Musk says the innovative automaker is now producing 500 of its Model 3 sedans each day and should reach its target of 5,000 per week by the end of this month.

That positive news sent shares 3.5% higher.

Tesla has lost about 16% of its market value in the past year as investors worried about Tesla’s ability to solve production issues.

@CanBizJournal

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