Tesla Motors Inc (TSLA) Working “Vigorously” To Complete Model X

Tesla Motors Inc (TSLA) Working “Vigorously” To Complete Model X
Blomst / Pixabay

Tesla Motors Inc (NASDAQ:TSLA) unveiled its 2015 all-electric Model S at the Detroit Auto Show on Monday.  The vehicle was full white and looked complete with a set of skis and a snowboard fitted to the top.

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Jerome Guillen, vice president of Tesla for worldwide sales and service, reiterated that he was not clear about the progress of the Model X, but the employees are working “vigorously” to complete the car, and “it’ll be here at some point,” says a report from mlive.

Model S one of the safest vehicle around

Tesla Motors Inc (NASDAQ:TSLA) is riding high on the success of the Model S in Europe and the United States.  The car can run over 300 miles on a single charge and is supported by the “supercharger” network that enables the owners to get the cars fully charged in half the time required by traditional charges.

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According to Guillen, Model S is one of the safest vehicles on the road with no major injuries to date. The executive said that the Model S is the most sought after car in Norway, and could also give spectacular performance in winters.

Tesla Motors Inc (NASDAQ:TSLA) is expected to sell more than 40,000 Model S vehicles in 2014, and also targets to create commercially fit electric vehicles that could be affordable to first time car buyers.

Tesla to have ‘reckless’ growth in 2014

Tesla Motors Inc (NASDAQ:TSLA) was established in 2003 by a host of Silicon Valley engineers who wanted to manufacture luxury electric vehicles. Owners of Tesla named the company after physicist Nikola Tesla, and its first car, the Roadster, was powered with an evolved alternating current engine.

Guillen stated that Tesla is a start-up company, and safety is one of the most important features in the car helping sales, which includes 6,900 cars in the fourth quarter in fiscal 2013, adding 20% to the total sales goal.

Guillen went on to say that the company is expecting “reckless growth” in 2014, and its share in the market should double. “In Asia, China is a market that looks very interesting to us where we think the Model S can do very well. We’ve already opened a store in Beijing,” said Guillen

In a half-hour presentation, the company officials answered various questions based on the recall issues of both the charging adapters leading into fires due to some defects. Tesla employs more than 2,000 staff and has 31 showrooms worldwide.

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Aman is MBA (Finance) with an experience on both Marketing and Finance side. He has worked as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, reviewing tech gadgets, playing PC games and cricket. - Email him at amanjain@valuewalk.com
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  1. So the X had skis and a surfboard on top?! Does this mean they’ve come up with a solution for rooftop storage despite the falcon wings? If so, that is great news!

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