Sacconaghi also noted that behind the noise from the controversies surrounding Elon Musk, Tesla itself appears to be on track for its Model 3 goals this quarter. The Tesla stock price has been all over the map these past few months, mimicking investors' opinions on Musk and the direction he's taking the company.
However, other analysts are skeptical that Tesla can accelerate or even maintain this production pace long enough to be profitable.
Elon Musk continues to focus on how he can get Tesla to have more new cars rolling off the production lines every day.
Nomura Instinet lowered its rating to neutral from buy for Tesla shares, citing concerns Musk's actions may hurt the company's brand.
The company, based in Palo Alto, California, has struggled to vault from a niche maker of expensive electric cars into a mass-market producer.
For all the assembly issues faced by the Tesla Model 3 in the first year of production, from battery modules to steel-welding robots, perhaps the last thing that many industry observers were expecting.
Tesla is under extreme pressure to turn a sustained net profit starting this quarter, as promised by Mr Musk, but in the second quarter it burned through $739.5 million (€648m) in cash and lost a quarterly record $717.5 million (€620m). The former and current employees requested anonymity due to a fear of reprisal from Tesla. Tesla Inc shares were trading at $285.34 per share on Monday afternoon, up $22.10 (+8.40%).
You get seven color choices when you buy a Tesla - but Elon Musk is ditching two on Wednesday to simplify manufacturing. Over half a million individuals worldwide reserved the Tesla Model 3, and the all-electric auto manufacturer was not ready for that volume of demand. Needham analyst Rajvindra Gill struck a extra cautious tone on Tesla, highlighting longer-time interval hurdles for the firm. He views the drop off in Tesla shares following controversy over Musk's unapproved tweets regarding a take-private acquisition as overblown.