*By Michael Teich*
An analyst at investment firm Loup Ventures spent three days camping out at Tesla's Fremont factory and keeping tabs on what he saw.
And what he surmised was that the electric automaker would likely produce between 4,300 and 4,900 Model 3 vehicles in the last week of June.
If you're keeping track ー that’s below the 5,000 a week target set by CEO Elon Musk in January, marking the third time the company has fallen short of expectations for the mass-market car.
But Loup managing partner Gene Munster isn't too worried.
“It would be a miss for the quarter, but still a positive for the Tesla story,” he told Cheddar in an interview Wednesday.
Wall Street's Tesla bears have raised flags about the company's rapid cash burn rate and have warned it will have to raise more money to fund Model 3 production, but if Tesla reaches 6,000 per week by the end of September, those betting against the company's stock could be in trouble.
“If they scale Model 3, that should lead to being cash-flow positive in the December quarter, which is obviously the substance of the short story on Tesla,” said Munster.
For the full segment, [click here.](https://cheddar.com/videos/gene-munster-tesla-will-fall-short-of-model-3-goals)
Elon Musk may not have founded Tesla, but he has become the company, and it’s become him. Now sales are plummeting. Is he toxic for the Tesla?
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
Europeans upset with Elon Musk still aren’t buying his electric cars, adding to a long losing streak for his company.
President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie ahead of the board considering the largest railroad merger ever proposed.
Ford is recalling more than 355,000 of its pickup trucks across the U.S. because of an instrument panel display failure that’s resulted in critical information, like warning lights and vehicle speed, not showing up on the dashboard.
Nvidia reported a 56% increase in second-quarter revenue and a 59% rise in net income compared to a year ago.
The Rev. Al Sharpton is set to lead a protest march on Wall Street to urge corporate America to resist the Trump administration’s campaign to roll back diversity, equity and inclusion initiatives. The New York civil rights leader will join clergy, labor and community leaders Thursday in a demonstration through Manhattan’s Financial District that’s timed with the anniversary of the Civil Rights-era March on Washington in 1963. Sharpton called DEI the “civil rights fight of our generation." He and other Black leaders have called for boycotting American retailers that scaled backed policies and programs aimed at bolstering diversity and reducing discrimination in their ranks.
President Donald Trump's administration last month awarded a $1.2 billion contract to build and operate what's expected to become the nation’s largest immigration detention complex to a tiny Virginia firm with no experience running correction facilities.
Netflix CEO Ted Sarandos claims audiences don't want to watch Netflix movies in theaters, but that seems not to be the case recently.
Chipmaker Nvidia is poised to release a quarterly report that could provide a better sense of whether the stock market has been riding an overhyped artificial intelligence bubble or is being propelled by a technological boom that’s still gathering momentum.
