Tesla Motors Inc (NASDAQ:TSLA)’s Model X won’t arrive any time soon, but a new image of the upcoming car should satisfy salivating fans. InsideEVs shared the photo originally snapped by Instagram user @jmtibs.
Tesla X is the car of the future
The user sighted the Model X in a city near Los Angeles, less than ten miles from the Tesla design center in Hawthorne. It’s speculated this new car is preparing for a trip to the 2014 NAIAS in Detroit. The Model X is expected to reach the auto market in the United States in late 2014.
2014 could also prove to be a tough year for Tesla Motors Inc (NASDAQ:TSLA), particularly because of problems which include mounting costs, delivery delays, and rivals. A recent blog post from Daily Finance gave further insight on these matters and how they affect the company’s future.
A few years ago, crypto hedge funds were all the rage. As cryptocurrencies rose in value, hundreds of hedge funds specializing in digital assets launched to try and capitalize on investor demand. Some of these funds recorded double-digit gains in 2020 and 2021 as cryptocurrencies surged in value. However, this year, cryptocurrencies have been under Read More
This year, it’s expected that Tesla Motors Inc (NASDAQ:TSLA) will make some serious capital investments. Those investments include building a worldwide supercharger network and expanding to China’s market. These investments will cost the auto maker a lot of money and possibly affect Tesla Motors Inc (NASDAQ:TSLA)’s cash flow. At the end of the fourth quarter, there may be a surge in research and development costs. In the end, it’s these types of investments (especially the worldwide supercharger network) that are important to the company’s future.
Another issue that could affect the company this year is delivery delays. The long awaited EV is expected to launch sometime this year although there could still be a delay from supply issues. Last year, the Model X was delayed to the latter half of 2014, a whole year later than initial launch. Another potential issue includes the actions of rival companies. General Motors Company (NYSE:GM) and Ford Motor Company (NYSE:F) have made investments in hopes to take market share from Tesla Motors Inc (NASDAQ:TSLA). General Motors took things a step further by enlisting a special team to study the disruptive battery technology from Tesla.