Tesla (TSLA) Showcases Model X
Let the hype begin for Tesla’s Model X, the electric crossover vehicle slated for launch in 2014.  Some might say it’s a bit early to begin showcasing the prototype vehicle when the Model S is still months away from hitting the streets, but Musk is driven to prove doubters wrong and never shies away from delivering a big press event.  Musk summed up a description of the vehicle with bravado saying, “We’ve created a car that has more functionality than a minivan, more style than an SUV and more performance than a Porsche 911 Carrera.”
Sounds like quite a car and by the looks of it, it is. Â The vehicle features a big 17″ touchscreen in the console, seating for 7, fly away rear doors and that Porsche like acceleration. Â Performance specs in terms of mileage haven’t been released but most expect it to underperform the Model S sedan due to its heavier weight. Â Add seven adults and you may just having some difficult getting to the first charging station! Â Pricing hasn’t been released either, but expect it to be a bit pricier than the Model S which would likely push it above $100k with most of the options in place.
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Technically, shares of TSLA have been on a wild ride in recent weeks. Â You might remember the big plunge after the departure of two key engineers. Â Most analysts believed the fears were overblown and shares recovered immediately and are up about 50% off those lows. Â Expect some kind of pull back/consolidation off that move back to what is key support around the $28 – $29 range. Â Should that move occur, that would be a much better place to initiate a position or add to a position. Â I would expect that shares would eventually retest and possibly clear all time highs around the $35 level heading into the launch of the Model S later this year.
Tags: model x, tesla motors, tslaComments
“Pricing hasn’t been released either, but expect it to be a bit pricier than the Model S which would likely push it above $100k with most of the options in place.”
Based off what information? I have read nowhere that this vehicle would cost $40k-$50k more than the Model S. C’mon, being a bit over dramatic aren’t you?
wlc, please read that again. “A bit pricier than the Model S” doesn’t equate to 40 – 50K more. A top of the line Model S with all the options will approach $100k particularly when you don’t factor in the existing tax credit. How is saying the Model X could hit $100k with all the options being dramatic? Just go to the Tesla site, it’s all there: http://www.teslamotors.com/models/options
Top performance Model S STARTS at $85K and that’s AFTER the $7500 tax credit and that’s WITHOUT all the extras.
Feb.12
I want one