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Tesla Falls After Cutting Output Forecast: San Francisco Mover

Tesla Motors Inc., the electric-car maker led by Elon Musk, fell the most in eight months after cutting its revenue outlook for the third quarter because of supplier shortcomings and other delays in accelerating production of its Model S sedan.

Tesla slid 9.8 percent to $27.66 at the close in New York, the biggest decline since Jan. 13. The company, based in Palo Alto, California, said in a regulatory filing today that it expects $44 million to $46 million in third-quarter sales, compared with the $83.1 million average of 12 analyst estimates compiled by Bloomberg.