Tesla is on track not only to churn out 5,000 Model 3s per week, but could even ramp production up to 8,000 with little impact on its spending.
Elon Musk, who recently tweeted that he would be privatizing the electric automaker at $420 per share.
“Focusing on the fundamentals and setting aside talk of privatization, we are incrementally positive on Tesla following our visit,” the analyst said in the note Thursday.