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Photo: Salwan Georges/The Washington Post via Getty Images

The last 24 hours have brought good and bad news for Tesla, which is grappling with the troubled production ramp-up of the Model 3 sedan and the exit of some top executives.

Why it matters: Investors and analysts are watching carefully to see whether Musk can make good on his pledge to finally reach a production rate of 5,000 Model 3s per week by mid-year.

Losing confidence: Per CNBC, a research note by Morgan Stanley analyst and longtime Tesla optimist Adam Jonas signaled his concern that the company's Model 3 woes could linger and slashed his stock price forecast:

"It is our view that the challenges in ramping up Model 3 production reflect fundamental issues of vehicle design, manufacturing process, and automation levels that can weigh against the profitability of the vehicle."

But, but, but: An internal company email Tuesday from CEO Elon Musk, obtained by the tech site Electrek, states: “It is looking quite likely that we will exceed 500 vehicles per day across all Model 3 production zones this week.”

  • The email implies they're on the cusp of already getting to over 3,500 per week, well above the 2,270 level the company said it reached in April.

The big picture: Tesla's fate is tethered to the success of Model 3. It's a vehicle imagined as a mass-market EV that can compete directly with popular mid-priced gasoline-powered sedans manufactured by the world's biggest automakers.

Go deeper

Cuomo asks New York AG and chief judge to choose "independent" investigator into sexual harassment claims

New York Governor Andrew Cuomo at a press conference on Feb. 24. Photo: Seth Wenig/pool/AFP via Getty Images

A special counselor to New York Gov. Andrew Cuomo released a statement on Sunday asking the state's attorney general and chief judge to jointly pick an "independent and qualified lawyer in private practice without political affiliation" to investigate claims of sexual harassment against the governor.

The state of play: The statement is an about-face from Cuomo, who had previously selected a former judge close to a top aide to lead the investigation, the New York Times reported, a move that was widely criticized.

Republican Sen. Sasse slams Nebraska GOP for "weird worship" of Trump after state party rebuke

Sen. Ben Sasse, (R-Neb.) Photo: Andrew Harnik - Pool/Getty Images

The Nebraska Republican Party on Saturday formally "rebuked" Sen. Ben Sasse (R-Neb.) for his vote to impeach former President Trump earlier this year, though it stopped short of a formal censure, CNN reports.

Why it matters: Sasse is the latest among a slate of Republicans who have faced some sort of punishment from their state party apparatus after voting to impeach the former president. The senator responded statement Saturday, per the Omaha World-Herald, saying "most Nebraskans don't think politics should be about the weird worship of one dude."

Cuomo barraged by fellow Dems after second harassment accusation

New York Gov. Andrew Cuomo faced a barrage of criticism from fellow Democrats after The New York Times reported that the second former aide in four days had accused him of sexual harassment.

Why it matters: Cuomo had faced a revolt from legislators for his handling of nursing-home deaths from COVID. Now, the scandal is acutely personal, with obviously grave political risk.