The Tesla Model 3 (NASDAQ:TSLA) is a huge source of contention in the investing world. The Tesla Model 3 is oft-cited by both bullish and bearish theses.
Today, the Tesla Model 3 may be scoring one for the bulls, despite the market action in the stock. What do we mean?
Bloomberg estimates that Tesla is making 805 Model 3s a week and says the EV automaker is showing signs of an improving trend.
“We think our model may be underestimating what’s going on at the Tesla plants. Based on some of the numbers we’re seeing, we think it’s possible that Tesla could already be producing more than 1,000 a week and climbing,” reports VIN-tracking Bloomberg.
Shares of Tesla are down 2.15% on the day and traded as low as $300.45 earlier.
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