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Tesla shares fall again ahead of Model 3 production numbers

Reuters) – Shares of Tesla Inc fell almost 5 percent on Monday ahead of the electric car maker’s announcement of quarterly production numbers for its crucial Model 3 sedan.

Shares in Elon Musk’s $50-billion dollar venture have been reeling from a triple whammy of probes into a fatal crash in California, concerns about Model 3 production and nerves over its debt load after a credit downgrade by rating agency Moody’s.

Tesla has committed to build 2,500 Model 3s per week by the end of the quarter as a reassurance to the market that it can meet targets, which it has consistently missed.

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