Tesla says produced 2,020 Model 3 sedans last week

(Reuters) - Tesla Inc said on Tuesday that it built 2,020 Model 3 sedans in the last seven days of March, would produce the same number next week and would see output climb rapidly through the second quarter. The numbers, short of Tesla's own target of 2,500 per week for the end of March, are far above the 793 Model 3s built in the final week of last year.

(https://bit.ly/2Irj4lr) Quickly ramping up Model 3 production is crucial for the Silicon Valley electric vehicle maker, whose profitability depends on the cheaper sedan, which Tesla says.

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