| Title | Tesla Stock Price Falls as Sales Target Cut to as Few as 50,000 Vehicles | |
| Date | Friday August 07 2015, @06:32PM | |
| Author | janrinok | |
| Topic | ||
| from the braking-gently dept. | ||
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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printed from SoylentNews, Tesla Stock Price Falls as Sales Target Cut to as Few as 50,000 Vehicles on 2025-12-13 10:30:50