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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.
Original Submission
(Score: 2) by e_armadillo on Friday August 07 2015, @09:37PM
Why would anyone buy them for the patent portfolio? They open sourced the whole shooting match . . .
"How are we gonna get out of here?" ... "We'll dig our way out!" ... "No, no, dig UP stupid!"