Provided by Dow Jones
Jan 3, 2020 10:15 AM CST
By John D. Stoll
The excitement over Carlos Ghosn's escape to Lebanon from Japan may have obscured an equally impressive feat in the car business. Tesla Inc. is meeting its targets.
The electric-car maker said Monday its Shanghai plant is building 1,000 Model 3 sedans a week. That's less than a year after Chief Executive Elon Musk stood in an empty 210-acre field and declared this factory would go up in "record time." And on Friday, Tesla said it set another annual sales record and exceeded Mr. Musk's ambitious goal of selling 360,000 vehicles for the year.