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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 DECbot on Friday August 07 2015, @10:18PM
Also, keep in mind that Tesla constantly has a $20+ dollar price fluctuations. It just so happened that this announcement occurred during the stock price downswing. The stock is acting as normal, but it just so happens that Tesla is announcing lower delivery rates for 2015.
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