Tesla shares closed down despite Model 3 goal announcement, as the company still has a lot to prove

Tesla shares closed down despite Model 3 goal announcement, as the company still has a lot to prove

6 years ago
Anonymous $cyhBy-qkd5

https://www.cnbc.com/2018/07/02/tesla-meets-model-3-goal-still-lots-to-prove.html

Tesla announced on Monday that it hit its quarterly goals for vehicle production, churning out 5,031 Model 3's over the last week of June, squeaking past its self-imposed target of 5,000. The company expects to increase production to 6,000 Model 3s per week by late August.

Tesla's new vehicle production and deliveries report helped the stock surge, initially, on Monday. But after rising by about 6 percent at the beginning of the session, shares in Tesla dipped and the stock traded down 2.3 percent to close the day at $335.07