With news breaking that Tesla decided to skip the “brake and roll” testing for Model 3 production at its flagship Fremont factory while aggressively ramping up its production to the elusive 5,000 per week is a potential “gut punch” to the bulls that now worry about sustainability and speed bumps ahead on the Model 3 front. With burst production front and center the worry is that “shortcuts” taken would not be sustainable and potentially could jeopardize production issues on the horizon although Tesla contends the brake and roll test was redundant. While the jury is still out on the news today and what the implications could be for Model 3 production quality and changes going forward, the knee jerk reaction from the Street’s perspective is clearly a concern that neutralizes some of the long awaited good news from reaching the key 5,000 per week goal. While its been a bumpy few months for investors with much frustration around the Tesla story, we are starting to see some clear rays of sunshine as the trifecta of Model 3 production ramps, ASP increases on Model 3, and the chances of a capital raise event moving into the background has given investors a clearer green light to own shares at current levels as some of the dark clouds are starting to dissipate, although today’s news add more agita to the situation. The linchpin of Tesla’s success going forward starts with Model 3 moving in the right direction after months of unforeseen speed bumps, as this remains key for the company’s long-term health and thus limit its cash burn situation which remains a lingering overhang on the stock. The core near focus for Tesla, Musk, and investors over the coming weeks is laser centered around ramping up Model 3 production efforts (on both the base and high-end models) to narrow the gap on the production line reaching the key 5,000 per week mark on a sustainable basis, which has been its Achilles heel. We maintain our Attractive rating and $375 price target.