Tesla Model 3 Production Tracking Up To 50% Higher

Tesla (TSLA) stock jumped Tuesday after a Wall Street analyst said Model 3 deliveries are tracking about 10,000 higher than previous estimates for the second quarter.

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KeyBanc Capital Markets analyst Brad Erickson now expects Tesla to deliver between 30,000 to 35,000 Model 3 sedans. That's roughly 10,000 more than his prior estimate for the period ending June 30, or an increase of as much as 50%.

"We view this as one of the critical factors in Tesla maintaining its almost legendary status...

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