I dont mind waiting for the fix in the next update, its just strange that some have this problem & others don't.
I just got a reply from todays inquiry,
Thank you for contacting Tesla Motors. The reason that Multi-Coat red does not display on the iPhone app, is due to the fact that, on release, Multi-Coat Red was not an available color for the Model S. Our software team is aware of the issue, and will be rectifying this in a future release of the app. I apologize for the inconvenience. If you have any other questions or concerns, feel free to contact me directly at....