Tesla misses 2,500 per week Model 3 target

Tesla dealership
Tesla Motors dealership in Pleasanton, California. Photo: Smith Collection / Gado via Getty Images

Tesla has missed its first quarter target of producing 2,500 Model 3 vehicles a week, the company announced today, a goal it planned to hit by the end of 2017 but was delayed due to production issues. But the market viewed the number it did produce — a peak of 2,020 Model 3s a week — as a buying signal: Tesla's share price, down 27% over the last month after a series of bad news including a fatal accident, was up almost 5% in early trading.