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The Ratings Game: Tesla off to a solid start to 2017, say mostly bullish analysts

Tesla Inc.’s first-quarter earnings showed a solid start to 2017 with its first mass-market car, the Model 3 sedan, on track to meet its production deadline, analysts wrote on Thursday.

Tesla TSLA, -4.43% Chief Executive Elon Musk told investors in his quarterly letter to shareholders that development of the $35,000 electric car is nearly complete.

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“Preparations at our production facilities are on track to support the ramp of Model 3 production to 5,000 vehicles per week at some point in 2017, and to 10,000 vehicles per week at some point in 2018,” he wrote.

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