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Musk urges "radical improvements" to hit Model 3 production goal

Elon Musk.
Photo: Joshua Lott/Getty Images

Tesla CEO Elon Musk told employees in an email on Friday night that "radical improvements are still needed" in order to hit the company's quarterly target for Model 3 production, CNBC reports.

Why it matters: Musk has been under pressure to meet his pledge of hitting a production rate of 5,000 Model 3s a week by the end of this month. Per CNBC, despite Tesla "repeatedly" missing set production and delivery goals, "[m]any investors have faith in Musk's vision."