Tesla Stock Falls On Deliveries Outlook, Model X Ramp

By | August 5, 2015

Scalper1 News

Tesla Motors reported a smaller-than-expected second-quarter loss late Wednesday, but its stock fell as it signaled its full-year deliveries target is at risk. “Model X remains on track for start of deliveries in late Q3,” the electric-car maker said in a letter to shareholders, but CEO Elon Musk told analysts on a conference call that “it’s going to be quite a challenging production ramp” for the crossover SUV. Tesla (TSLA) sees Scalper1 News

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