Tesla didn’t hit a quarterly production target for its Model 3 electric sedan, even after the company revised the expected number down multiple times. Yet investors seemed to take heart from the progress the company showed building the critical product and its announcement that no new fundraising is needed for now.
Elon Musk’s mercurial electric-car company said early Tuesday that it built 2,020 Model 3s in the final seven days of the quarter that ended March 31.