In a new US SEC filing Tesla has revealed that it is way behind in its goal of producing 400 Model S vehicles per week. In fact so far only 255 have been produced, 132 of which have made their way into owners garages. This has lead to Tesla slashing their full-year revenue outlook to between $400 million and $440 million instead of the prior $560 million to $600 million. Tesla is now carrying a total net loss of $864.9 million, up $105.6 million in Q2. Tesla claims to be ramping production from current levels to between 2,500 and 3,000 in the fourth quarter of this year (an unbelievable 800 - 1,000 vehicles per week). At this rate Tesla expect to be around 4 to 5 weeks behind their previously announced production goals (1,600 - 2,000 vehicles). In order to maintain cash flow Tesla will be selling 5 million shares, according to reports Elon Musk (Tesla CEO) will be purchasing $1M worth. Hopefully Tesla can overcome its production issues as there's no lack of demand, they currently have 13,000 Model S reservations (up from approximately 11,500 at June 30, 2012).
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