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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   Printer-friendly
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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  • (Score: 0) by Anonymous Coward on Saturday August 08 2015, @01:18AM

    by Anonymous Coward on Saturday August 08 2015, @01:18AM (#219753)

    Just caught this news item-- http://www.ocregister.com/articles/volt-676257-car-model.html [ocregister.com]

    While the lead is about Chevy Volt, two paragraphs down is an announcement of $1000 referrals for Teslas. Is Elon really selling all they can make? If so, why would he put cash on the hood?

    Tesla introduces new customer referral incentives: Are you a current Tesla owner? Do you have at least 10 friends with deep pockets and an interest in owning a “super car”? You’re in luck. Tesla has launched a program which offers Tesla owners an incentive for referring friends who purchase the automaker’s electric luxury sedans. Anyone who orders a Tesla Model S before Oct. 31 using a referral from a current owner will receive a $1,000 discount off of the purchase price. In return, the current owner will get a $1,000 discount that can be applied to a new car, service center visit or accessory. Even better, the first person in each sales region to refer at least 10 people who buy a Model S will receive a fully loaded Model X for free. If you get beaten to the punch and still refer 10 buyers, you will receive a Founder Series Model X for the price of a base-level Model X, roughly a $25,000 savings. The Founder Series Model X will not be available to the public.

  • (Score: 0) by Anonymous Coward on Monday August 10 2015, @02:03AM

    by Anonymous Coward on Monday August 10 2015, @02:03AM (#220510)

    It could be that they're trying to get more customers on the books if having a slightly higher future demand would justify turning an out-sourced component into an in-sourced/in-house thing, or simply to allow a greater investment into production lines.