Tesla Motors Inc. fell in extended trading after the electric-car maker backed off its full-year vehicle sales forecast.
Tesla said it now aims to deliver 50,000 to 55,000 vehicles this year, compared with a previous target of 55,000. The company sees third-quarter production and deliveries of just more than 12,000 vehicles including just a few Model X sport utility vehicles.
Reaching the initial target may be a stretch because some interior suppliers might not be able to increase the flow of high-quality parts fast enough to meet the Model X production plan, Chief Executive Officer Elon Musk said on a conference call with analysts. Because the SUV and the existing Model S share the same assembly line, a shortfall by one Model X supplier could slow output of both vehicles.
All is not wine and roses at Tesla, despite the glowing press they receive.
(Score: 5, Informative) by tibman on Friday August 07 2015, @07:24PM
Especially when the "glowing press" is for technical achievements, not fat production pipelines.
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(Score: 0) by Anonymous Coward on Friday August 07 2015, @08:27PM
Agreed, problems with suppliers due to being unable to keep up with demand for "high quality parts" appears to be a problem of being victims of one's success.
Perhaps all would be roses if the florists could keep up with their orders.