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Model 3 Tracker Nearly Nails Tesla's Latest Production Result

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Romit Shah, analyst at Instinet, discusses Tesla Inc.’s surge in electric-car deliveries.(Source: Bloomberg)

Bloomberg’s Model 3 tracker just came the closest it has yet to predicting production of Tesla Inc.’s all-important sedan.

The carmaker on Tuesday reported making 53,239 Model 3s last quarter. Bloomberg’s tracker overestimated output by just 0.4 percent, or fewer than 220 cars. That’s closer than Wall Street analysts who, on average, were projecting production of about 50,416 units.