Tesla met the target by running 24 hours a day for seven days, setting up a new production line inside a tent on the campus of its Fremont factory and pulling workers from other projects, according to the company and employees at the factory. Tesla's heavily-shorted shares rose as much as 6.4 percent to $364.78 in early trading, but sank after several analysts questioned whether Tesla would be able to sustain the Model 3 production momentum, which is crucial for the long-term financial health of the company. "In the interim, we do not see this production rate as operationally or financially sustainable," said CFRA analyst Efraim Levy.
from Yahoo News - Latest News & Headlines https://ift.tt/2tSdItM
July 03, 2018 at 03:01AM
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