Tesla ramps up Model 3 production despite record losses

Elon Musk predicts future profits as electric car firm meets manufacturing target of 5,000 cars a week

Tesla Model 3
A brand new Model 3 will be awarded to the overall winner of the competition
(Image credit: Tesla)

Tesla has finally hit its production goal of 5,000 Model 3 electric cars a week and seen stocks surge despite the company posting record losses.

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