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    Tesla expected to say next week whether it will meet production goal

    by Russ Mitchell, Los Angeles Times Jun 29, 2018 3 minutes

    SAN FRANCISCO –– Tesla is expected to reveal next week whether it has reached its production goal of 5,000 Model 3s a week.

    Falling far short of 5,000 a week would probably sink Tesla's high-price stock, analysts say. Meeting that manufacturing milestone, or even coming close, would probably drive the stock higher.

    CEO Elon Musk has been downgrading his ambitions for Model 3 production since May 2016. With Model 3 production at a trickle that year, he promised 5,000 cars a week - equivalent to 260,000 a year -

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