What You’re Getting With The Tesla Motors Inc (NASDAQ:TSLA) Model X

The Tesla Motors Inc (NASDAQ:TSLA) Model X is less than four days away from its release and those who pre-ordered first will start getting their new SUV. The vehicles will start rolling out of the company’s Fremont, California factory on Tuesday.

Tesla will kick things off with an event at 7 p.m Pacific. The company won’t hold back on this one, they’ve been waiting to release an SUV for quite some time now. Tesla talked about SUVs even before the first Model S sedans were on the road.

Back in 2010, Tesla executives presented a slideshow for the models they were considering. There were four options: an SUV, a sedan, a van, and a cabriolet. The cabriolet and the van never became a reality but the SUV concept was an impressive one. Add the rising popularity of SUVs these last few years and you got yourself a recipe for success.

Tesla has not had it easy, the Model X is more than a year behind schedule and many of the people interested are getting tired of waiting. The investors don’t seem to mind though, the company’s shares are up 18 percent so far this year, even though there’s been a recent drop.


Not up to date on the Model X? Here are the four things you should know:

The Wait Is Not Over For Some

Buyers reserving a Model X right now will get their car early 2016, according to the electric car maker’s official website. Make sure you have $5000 on your pocket to reserve the car. If you don’t have enough, you can reserve a Model S for half of that.

The wait has been long for those who first pre-ordered the car back in 2012. Think the $5000 deposit is a lot? Those who pre-ordered the Signature Model X version had to put down eight times that amount, so $40,000.

Tesla Model XThe Price

Tesla has not revealed the price for the regular Model X but the Signature version is said to cost at least $132,000. Want more add-ons and accesories? That’s $12,000 more, so if you want the most impressive Model X, you’ll spend around $144,000.

CEO Elon Musk took social media a few weeks ago to defend the big price tag, saying the Sig Series is fully loaded.

What You’re Getting

Back in August, Musk called the seats in the Model X a work of art. He added that they were harder to figure out than the falcon wings, which have been around since the car was first revealed. Musk finished by saying that the Model X is maybe the hardest car in the world to build.

The Model X’s are no regular SUVs, they can go 0-60 miles per hour in 3.1 seconds. If you don’t think that’s fast enough, then you can upgrade it to the ludicrous speed mode that goes from 0-60 miles per hour in 2.8 seconds.

Tesla’s Plans

The Model X is part of Tesla’s goal to provide attractive and fast electric cars. But that’s just the start, Tesla’s ultimate goal is to produce an electric car for the population and to reach production of half a million cars in five years.

Tesla plans to roll out its Model 3 in two or three years. This model will come with a $35,000 price tag.




4 COMMENTS

  1. Actually Tesla has given a better indication of price that what you’re quoting…essentially $5k more a Model S (at equivalent power level). So a base Model X should be roughly $70k after tax credit (quite a bit better than the top of the line Signature at $132k plus options).

  2. Another vehicle that is priced for the elite and only the elite. And since it will be a second third or even fourth vehicle, the net savings of fossil fuels will be negligible. When Tesla manages to build an everyman car, then we can say they have accomplished something. Otherwise this is pretty much like reading about Lamborghini and other high rollers sports cars. Even Maserati has a car that many of us poor folk could afford to buy, if not maintain.

    • The Maserati Ghibli and the Tesla Model S are basically twins and cost about the same. The Model X will start at $80K which is pretty awesome considering its capabilities and features. If it were anybody else, it would start well north of $100K and get worse.

      The $35K Tesla Model ≡ sedan and crossover models will be their more mainstream models. Tesla is a premium automaker. They’re not going to be making small, cheap cars for the masses. Elon Musk is trying to show the world how awesome EVs can be to stimulate other automakers to make them. Nissan is the one that is making EVs for the masses. If you can’t afford a Tesla tough. Most people couldn’t afford cars when they first came out either. In fact, that goes with pretty much every new, high technology “thing” that’s come out. It always starts out expensive, the rich buy it, and it slowly gets cheaper until even the “poor” can afford one.

  3. “The Model X’s are no regular SUVs, they can go 0-60 miles per hour in 3.1 seconds. If you don’t think that’s fast enough, then you can upgrade it to the ludicrous speed mode that goes from 0-60 miles per hour in 2.8 seconds.”

    This is abysmal journalism. You guys quoted the Tesla Model S’s specs for the Model X. The Tesla Model X P90D will be able to do 0-60 mph in a blindingly quick 3.8 sec. With the Ludicrous Mode update, it will blitz to 60 mph in just 3.2 sec. making it the quickest production SUV in the world, even quicker than the $150-200K+ Porsche Cayenne Turbo S.

    Make sure your specs are correct before you publish. It’s embarrasing.

LEAVE A REPLY