Tesla Falls After Paring Delivery Forecast Amid Factory Strains
- Lower guidance raises questions about ambitious factory goals
- Company now sees full-year total of less than 80,000 EVs
Tesla Drops After Miss on 2Q Sales Forecast
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Tesla Motors Inc. fell after the electric-car maker missed second-quarter forecast for global deliveries and lowered its full-year outlook, citing an “extreme” increase in output in the period’s final month.
The shares slid 3.3 percent to $209.40 at 9:35 a.m. New York time. They declined 9.8 percent this year through Friday.