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Tesla Stock Price Falls as Sales Target Cut to as Few as 50,000 Vehicles

posted by janrinok on Friday August 07 2015, @06:32PM   
from the braking-gently dept.

Phoenix666 writes:

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.

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Original Submission

• Re:uhh(Score: 0, Troll) by Ethanol-fueled on Friday August 07 2015, @07:38PM

  by Ethanol-fueled (2792) on Friday August 07 2015, @07:38PM (#219667) Homepage

  Wine and roses are for faggots, I prefer briar patches and turpentine. Hair on my balls, hair on my balls, I got hair on my chest and hair on my balls.

  Oh fuck oh fuck nooooooooo I forgot to check "Post Anonymously!" No, please please don't post this! They can't know who I really am!!!

  Parent

  Starting Score:	1		point
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