Tesla's Earnings Review: Inefficiencies in Transition to New Assembly Line Force Outlook Revision

The automaker delivered a record 7,785 vehicles this quarter, but production fell down to 7,200 vehicles this quarter, as the shutdown of the Fremont factory resulting from a shift to a new assembly line and production system hurt production more than expected. As a result, the company had to sell cars off showroom floors and testers in order to meet as much demand as it could. Citing the production deficit, Tesla cut down guidance for deliveries in fiscal 2014 down to 33,000 from 35,000.
Source: Markets