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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 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.