Tesla falls after cutting output forecast

Sept. 25 (Bloomberg) -- Tesla Motors Inc., the electric-car maker led by Elon Musk, fell the most in two months after cutting its revenue outlook for the third quarter because of supplier shortcomings and other delays in accelerating production of its Model S sedan.

Tesla slid 7.1 percent to $28.47 at 10:08 a.m. New York time after reaching $27.80, the biggest intraday decline since July 17. The company, based in Palo Alto, California, said in a regulatory filing today that it expects to generate $44 million to $46 million in third-quarter sales, compared with the $83.1 million average of 12 analyst estimates compiled by Bloomberg.

Chief Executive Officer Musk last week in an interview declined to confirm that the company will deliver 5,000 of its Model S sedans this year. Tesla now expects to deliver 200 to 225 Model S cars in the third quarter and 2,500 to 3,000 in the fourth. Tesla forecast that gross margin will turn positive in the fourth quarter as production accelerates.