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Tesla failed to meet 2012 delivery expectations, Model S production behind schedule

Tesla Motors, a Silicon Valley-based electric carmaker recently admits its failure to meet this year’s delivery expectations for its Model S sporty hatchback. Because of this, the company is once again going through its year revenue guidance and short term production marks.

Basing on the company’s production goals, analysts had initially forecasted Tesla to generate around $80 million in third-quarter sales but because of the delay, the firm is revising it down between $44 million and $46 million, instead.

Tesla Motors Inc., in its filing with the Securities and Exchange Commission on Tuesday disclosed its failure to meet prior goal of producing 400 Model S vehicles per week, due to some supplier issues. This lag thus put the company roughly five weeks behind its original delivery expectations for 2012.

According to the Palo Alto, California-based automaker, they have managed to roll only 255 auto-vehicles off the assembly line, to date. From this number, 132 have been delivered to their new owners.

Apart from supplier delays, Tesla Motors also pointed the company’s prior pace that was intentionally measured to warrant quality output.

Prior to this, Musk and Co. forecasted of reaching its goal to manufacture 400 vehicles a week before this year ends, and overall 20,000 by the end of 2013. But given the unexpected circumstances, the automaker has to make some alterations on the number of vehicles it expected to roll out as scheduled.

Such manufacturing delay also has pushed the firm to reduce its revenue expectations by utmost $200 million. As verged on, profits will degenerate anywhere between $400 million and $440 million this year. Tesla Motors is therefore raising around 5 million shares of stock for sale, in an attempt to generate supplementary cash to its chest.

As Tesla had said on its prior announcement, the Model S is an extremely advanced car that “sets a new standard for premium performance.” With the proven advanced electric Tesla powertrain entrenched at the heart of each unit, the Model S auto is expected to deliver both extraordinary range and an exhilarating driving experience to its future owners, providing them quality ride of a sedan.

Initially priced between $50,000 and $100,000 or more, the luxury hatchback Model S can accommodate five adult seats. Potential buyers though are prompted about price variations depending on the auto’s trim level and options.

Deliveries for Tesla’s Model S Premium Electric Sedan began fall of 2012 while the Model S Signature Limited Edition going on.

Source: Engadget | Tesla Motors

Boeing 787 Dreamliner – Android only

Boeing has announced that all of it’s new aircraft, the Boeing 787 ‘Dreamliner’ aircraft will come outfitted with an Android powered entertainment system.  This system is both touch and non touch based.

The bulk of the system will be run on servers running Android as well as the screens mentioned above.  These screens will be available from economy through first and business class suites.  Only two vendors have been selected (currently) to provide the servers and touchscreens for the Dreamliner, Panasonic and Thales.

Screen sizes will range from 7 inches up to 17 inches.  The smaller screen sizes will most likely end up being touch enabled and found in the more conventional seating areas (coach and business) whereas the larger screens will NOT be touch enabled.  The reason?  Distance from the screen.  Instead of touch the controls will be handled by gestures.

Boeing historically has allowed airlines to choose from a long list of providers for their entertainment systems, touch screens, and other options – but in an effort to minimize cost and production delays (of which there have been many) that option is not available with the aircraft.

Believe me, I’m scouring all of my contacts at Panasonic looking for the possibility of in-home testing of both the Android servers as well as the gesture controlled screens.

Picture and source can be found here