Tesla Falls on Sales Target Cut to as Few as 50,000 Vehicles
Why Is Elon Musk Stepping Back From Delivery Forecast?
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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.