backtop


Print

Model S suppliers are experiencing delays, which has led to slower production of the Model S

Due to a slow Model S production increase, Tesla Motors Inc. was forced to cut its 2012 revenue predictions by as much as $200 million USD.
 
According to Tesla's latest regulatory filing, the electric vehicle (EV) maker reduced its 2012 revenue forecasts from $560 million-$600 million to $400 million-$440 million. 
 
Tesla says the Model S suppliers are experiencing delays, which have inevitably caused slower-than-expected Model S production. Tesla is about four to five weeks behind on delivery goals for 2012. 
 
"We have methodically increased our Model S production at a slower rate than we had earlier anticipated," said the regulatory filing. "Certain suppliers have experienced delays in meeting our demand and we continue to focus on supplier capabilities and constraints."
 
Tesla mentioned that it expects a Q3 2012 revenue of $44 million-$46 million. The Model S was set to provide 90 percent of the automaker's revenue for the full-year 2012.
 
 
Despite the revenue drop, Tesla won't let the slowed production bring it down. In fact, Tesla is working with suppliers to increase production via automation, faster parts deliveries and offering second shifts for manufacturing. 
 
For the rest of the year, Tesla expects 200-225 Model S shipments in Q3 and 2,500-3,000 in Q4. 
 
As far as 2013 goes, Tesla plans to reach beyond its previous goal of 20,000 Model S shipments by producing 400 autos weekly by the year-end. 
 
As of September 23, Model S reservations were at 13,000 (excluding those already delivered to customers).
 
Just yesterday, Tesla announced a Supercharger charging station for the Model S that will be installed in high-traffic areas at no cost to Model S owners. 

Sources: Automotive News, The New York Times





"You can bet that Sony built a long-term business plan about being successful in Japan and that business plan is crumbling." -- Peter Moore, 24 hours before his Microsoft resignation






Most Popular ArticlesSony’s 4K OLED Smart TV
August 13, 2017, 6:20 AM
SoundCloud survives the budge scare
August 12, 2017, 6:38 AM
Ticwatch E and S on Kickstarter
August 11, 2017, 6:00 AM
MSI GL62M 7REX Gaming Laptop
August 14, 2017, 6:00 AM
HTC U11 – Newly Certified for Bluetooth 5.1
August 14, 2017, 6:58 AM

Latest Blog Posts
Xiaomi Mi 6 Smartphone.
Nenfort Golit - Aug 8, 2017, 6:00 AM
ASUS 23-inch Monitor
Nenfort Golit - Aug 4, 2017, 6:00 AM






botimage
Copyright 2017 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki