Tesla Motors Inc Model X Will Face Tough Competition

Tesla stockBlomst / Pixabay

Tesla Motors Inc (NASDAQ:TSLA)’s Model X SUV, which will make its debut in 2015, will face stiff competition from many brands. Though it is still early to list down the competitors, the list from Ecomento is worth a look.  Model X is expected to come with a price tag of around $70,000 with a range of at least 210 miles for the 60kWh version and 265 miles for the higher versions.

So here is the list for of current rivals for Tesla Motors Inc (NASDAQ:TSLA)’s Model X:

Rivals with expected price below $70,000

The Toyota RAV4 EV could challenge the Tesla Motors Inc (NASDAQ:TSLA) Model X. The electric hardware of the model is manufactured by the Californian automaker. However, the SUV with front-wheel drive and a 103-mile range falls well short of Tesla’s range. The model is already available in California at a price of $49,800.

The Mitsubishi Outlander Plug-in Hybrid is not fully electric, but it might prove to be strong opposition. The vehicle is already available in the U.K. at a price similar to the diesel Outlander. It offers a 32.5-mile all-electric range. It is expected that the vehicle will be available in the first half of 2015 at a price of around $40,000.

The Volvo XC60 SUV will probably get a good response if it is anything near the V60 PHEV. For the U.S. market, the mode will be reworked to run on gasoline, and a full electric charge will offer a range of 35 miles. Similar to the V60, this plug-in hybrid SUV is expected to be fast. An announcement from Volvo is expected sometime later this year. The price of the vehicle could be over $65,000.

Tesla rivals with expected price of $70,000 or more

Not many details are known on the BMW X5 eDrive, as the vehicle has yet to debut. The brand appeal of the BMW model is expected to match that of Tesla Motors Inc (NASDAQ:TSLA), however. It has a modest electric range of 18 miles. The vehicle is expected to make a debut next year in Europe. The price is believed to be similar to that of the XDrive40d in Europe, which is around $70,000.

The Porsche Cayenne Plug-in Hybrid is another good competitor to Tesla Motors Inc (NASDAQ:TSLA). Porsche is still to give details on the release dates or price for the plug-in hybrid version, but it is believed that the vehicle will be available by next year. The performance is expected to be similar to that of the Panamera S E-Hybrid. The automaker already has a plug-in hybrid drivetrain which it could use for the Cayenne. The vehicle is expected to give around 20 miles of electric range and cost over $90,000.

About the Author

Aman Jain
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