Tesla raises production but falls short of Model 3 goals
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April 4, 2018
DETROIT (AP) — Electric car maker Tesla Inc. increased production of its Model 3 mass-market car in the first quarter but still fell far short of the numbers it promised last summer.
The Palo Alto, California, company says it made just under 9,800 Model 3s from January through March. That's four times what it made in the fourth quarter. But it's still only a fraction of the 20,000 per month that CEO Elon Musk promised when Tesla first started making the car.
The news, released just before the markets opened Tuesday, pushed Tesla's shares up about 3 percent to $259.54 in early trading. Still, t...
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