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Wall Street tours Tesla factory — and loves what it sees — as company poised to release its first mass-market car

Analysts are upgrading their ratings on Tesla Motors Inc.'s stock based on a recent tour of the electric car company's giant factory in Freemont, Calif.

Wall Street analysts have been touring Tesla’s massive factory in Fremont, Calif., and they’re returning with the same conclusion: Elon Musk’s electric-vehicle company is getting ready for something big. Inside a sign of this enthusiasm, Robert W. Baird & Co. upgraded its Tesla rating on Monday morning carrying out a factory tour. 

Tesla spent some US$1.6 billion on major upgrades this past year because it prepares to launch its first attempt at a mass-market car – the Model 3 – on March 31. The transformation is striking, based on auto analysts at Stifel Financial Corp, Credit Suisse Group AG, and Baird. The firms are telling investors that Tesla is learning from the mistakes that delayed its previous launches and it is on track to make the shift from producing tens of thousands of US$80,000 cars to hundreds of thousands of US$35,000 cars – assuming the Model 3 proves a success with drivers.

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