Tesla Misses Production Target

Tesla Inc missed its weekly Model 3 production target on Tuesday and said it was facing a 40 percent import tariff in China due to the ongoing U.S-China trade war. Reuters reports Tesla produced over 5,300 Model 3 cars in the last week of September, falling short of its target of 6,000. The Model 3 sedan is key to the money-losing company’s growth and profit plans and underpins its goal of eventually becoming a mass-production automaker.