Hyperdrive
Tesla Hits Model 3 Target and Focus Shifts to Sustainability
- Carmaker achieves 5,000-a-week goal initially set for end-2017
- Now needs to prove it can routinely mass-manufacture vehicles
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Tesla Inc. reached a milestone critical to Elon Musk’s goal to bring electric cars to the masses -- and earn some profit in the process -- by finally exceeding a long-sought production target with the Model 3.
By building more than 5,000 of the sedans in the last week of the second quarter, Tesla “just became a real car company,” the chief executive officer said in an internal email Sunday obtained by Bloomberg News.