With The Model X On Track, 2015 Could Be Big For Tesla
Tesla today told customers who placed deposits on its forthcoming Model X SUV that the vehicle will indeed be produced “starting in early 2015″ as expected. That’s good news for buyers, many of whom put down $5,000 or $40,000 with the company more than 2 years ago. But it’s also important for the company, which could use the more versatile vehicle to reach new market segments and see a significant uptick in sales as a result. Model X was originally slated to begin production late in 2013, with deliveries in full swing by now. But Tesla has found ramping up the Model S sedan, while simultaneously expanding into Europe and Asia, to have its own set of challenges. The result of a full plate and the fact that CEO Elon Musk is a self-proclaimed “perfectionist” with respect to the details led to delays. Still, Musk has promised a vehicle that is both functional and attractive, with a base price that’s just a bit above the Model S sedan.
“With The Model X On Track, 2015 Could Be Big For Tesla” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.