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Tesla's new Model 3 car. Photo: Salwan Georges/The Washington Post via Getty Images

Tesla CEO Elon Musk gave an update to employees in an email on Tuesday explaining the company is halting production of its Model 3 for "a comprehensive set of upgrades," that will double its production levels, Electrek reports.

Why it matters, per Axios' Ben Geman: This lays out in some detail how the company, which has repeatedly missed targets for ramping up production of the mass market Model 3, intends to meet the closely watched pledge to reach 5,000 per week by mid-year. Successful scale up of the vehicle, which Tesla has struggled to produce at scale, is key to the company’s future.

The details: The new upgrades aim to allow the company to produce between 3,000-4,000 Model 3 units a week. More upgrades will come in "late May," writes Musk, and "should be enough to unlock production capacity of 6,000 Model 3 vehicles per week by the end of June." Musk adds that while the goal is 6,000 units per week, margin of error will realistically call for 5,000 units per week.

Go deeper

Dion Rabouin, author of Markets
38 mins ago - Economy & Business

Biden's inflation danger

Illustration: Sarah Grillo/Axios

President-elect Joe Biden's $1.9 trillion stimulus proposal has economists and bullish market analysts revising their U.S. growth expectations higher, predicting a reflation of the economy in 2021 and possibly more booming returns for risk assets.

Yes, but: Others are warning that what's expected to be reflation could actually show up as inflation, a much less welcome phenomenon.

Ina Fried, author of Login
2 hours ago - Technology

CES was largely irrelevant this year

Illustration: Sarah Grillo/Axios

Forced online by the pandemic and overshadowed by the attack on the Capitol, the 2021 edition of CES was mostly an afterthought as media's attention focused elsewhere.

Why it matters: The consumer electronics trade show is the cornerstone event for the Consumer Technology Association and Las Vegas has been the traditional early-January gathering place for the tech industry.

The FBI is tracing a digital trail to Capitol rioters

Illustration: Sarah Grillo

Capitol rioters, eager to share proof of their efforts with other extremists online, have so far left a digital footprint of at least 140,000 images that is making it easier for federal law enforcement officials to capture and arrest them.

The big picture: Law enforcement's use of digital tracing isn't new, and has long been at the center of fierce battles over privacy and civil liberties. The Capitol siege is opening a fresh front in that debate.

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