Tesla Inc. had plans to make the Model Y, a planned compact SUV next on its lineup, at a quick pace, Business Insider reported Monday, citing internal documents given to Tesla employees shortly before the car maker's third-quarter earnings release in October. The report cited a production target rate of 7,000 Model Y SUVs a week at the Gigafactory outside Reno, Nev., by December 2020 and 5,000 Model Y SUVs a week at its China Gigafactory by February 2021. The car would be based on the Model 3 platform, according to the document, BI said. Tesla told Business Insider the document was outdated. The company did not immediately respond to a request for comment from MarketWatch. Tesla shares were flat in the extended session Monday after ending the regular trading day up 2.3%.
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