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Tesla Spikes After Musk Ramps Up Model 3 Production Goal

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Tesla Spikes After Musk Ramps Up Model 3 Production Goal

Tesla Spikes After Musk Ramps Up Model 3 Production Goal

Tesla CEO Elon Musk reportedly wrote a letter to employees saying the company would target the production of 6,000 Model 3s a week by the end of June.

Shares of the electric-car maker were up more than 2% ahead of Wednesday's opening bell.

Shares of Tesla were rallying early Wednesday, trading up 2.06% at $293.62 a share after the automotive-news website Electrek reported Tuesday evening that Tesla CEO Elon Musk wrote a letter to employees raising the company's Model 3 production target.

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