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Tesla: Buy the Rumor, Sell the News?

Elon Musk announced that Tesla (TSLA) had received the regulatory go-ahead to begin manufacturing its mass-marker Model 3, and will start producing the cars on Friday. Musk also said that it would be producing 20,000 Model 3s by December.

Illustration: Tesla

That would be well ahead of analyst expectations, notes Dougherty's Charles Anderson, who says expectations for...