Report: Tesla says it will miss 2012 sales expectations

This don’t always go the way you plan. Tesla Motors warned its investors yesterday that its 2012 sales of the Model S electric sedan will fall about 30 percent below original expectations because it is confronting ‘unique manufacturing challenges.’

Tesla has built 255 units of the Model S from June through last Sunday. It still plans to make 2,500 to 3,000 units in the fourth quarter.

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Tesla says that it is still on track to produce more than 20,000 units of the Model S in 2013 at a pace of about 400 units a week.

The California based electric car maker has lost $660 million in the the last 14 quarters.

– By: Omar Rana

Source: Free Press


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