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Tesla curbs forecast due to Model S issues, losses total $864.9M

It ain't easy creating a brand-new automaker from scratch. The fact that Elon Musk and Tesla have actually been able to bring not one, but two cars to market is in itself quite impressive. That said, the road has not been without its bumps, and Tesla is feeling some of the setbacks that come with being a fledgling automaker.
To that end, Tesla has revealed that it expects $400 million to $440 million in full-year revenue, or roughly $160 million less than its prior 2012 revenue forecasts. In a Securities and Exchange Commission filing on Monday, the electric carmaker said "We have methodically increased our Model S production at a slower rate than we had earlier anticipated," leading to the company figuring they'll fall short of the $560 million to $600 million they originally forecasted. Tesla also revealed a net cumulative loss of $864.9 million through June 30 of this year - Tesla has yet to break even as an automaking entity, but it remains something of a startup, so the fact that it has lost money to this point shouldn't be a major surprise - building cars is expensive, and learning how to do so is even more expensive. Following the disclosure, Tesla shares fell about 8.5 percent this morning in trading.
Tesla cites delays in suppliers for its Model S production shortcomings. The California automaker says it is working with suppliers to speed up deliveries and internally, it is adding shifts and automation to its manufacturing processes. With little more than half of the 5,000-vehicle target expected to be built by year's end, Tesla says it is four to five weeks behind its delivery goals.

Saleen Tesla Model S announced as tuner's first EV

Saleen has made its name on building some of the meanest modern muscle cars around, which was why it was so surprising when it announced in December that its next project will go electric. Has the famed pony car modifier lost its mind? Or is it right in thinking the performance potential of the Tesla Model S is too big to ignore?
Details remain scant about the project, but Saleen promises to transform the Model S into an electric supercar. Power is getting a boost but exactly how much more than Tesla's own 416-horsepower Model S P85 is not known. Saleen has also not set a completion date for the car yet, but it promises that renderings and specs will be ready soon. The only real detail that Saleen gives about its version of the Model S is that it has "a revolutionary design all our own," so we're expecting some visual differentiation to go with its inevitable augmented power.
"I fully intend to produce one of the most compelling Tesla's to ever hit the roadway," said Steve Saleen, company founder and CEO. You can read the entire brief press release below.

Tesla now has 200 Superchargers open around the world

Oxnard, California. That's where electric-vehicle enthusiasts can find Tesla Motors' 200th Supercharger station. And they should be able to find some pretty good surf nearby, too. Number 200 is located in a shopping mall near Highway 101 about 60 miles northwest of central Los Angeles and includes 10 stalls, according to Green Car Reports. Given the recent pace of European deployments, having No. 200 in the US is a slight surprise, since more than half of the 100 stations installed since April are in Europe (a lot of them are being deployed in Germany and Norway). Technically, Tesla is now up to 207 chargers, with a little over half of those in the US and the remainder in Europe and Asia. Tesla recently started providing a slightly less powerful but still valuable charging option in the form of wall chargers that can give 60 miles of charging range in about an hour. While no match for a Supercharger, that's about double the charging speed of a 240-volt charging station. As of early September, Tesla had partnered with about 110 North American hotels, restaurants and beach parking lots at deploying what it calls the Tesla Destination Charging Program. For a complete list of Tesla's Supercharger stations, go here.