xcode-select -switch doesn't work: active developer path does not exist

Question

I have installed Xcode 5 developer preview 3. Before it i had developer preview 2 and now, sometimes in my terminal I see error, for example when I try to autocomplete some comm

Answer 1

If you are running beta release. Path should be look like this.

sudo xcode-select -switch /Applications/Xcode-beta.app/Contents/Developer