Tesla cuts 2012 revenue forecast due to slow Model S rollout

Newswire

Sept 25 (Reuters) - Electric car maker Tesla Motors Inc on Tuesday cut its forecast for 2012 revenue, citing a slower-than-expected rollout of its Model S sedan. The company said in a regulatory filing that it now expects full-year revenue in the range of $400 million to $440 million, down from its prior outlook of $560 million to $600 million. "We have methodically increased our Model S production at a rate slower than we had earlier anticipated," the company ...

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