Tesla Model X Prototypes To Be Finished Next Week?


Tesla Motors Inc (NASDAQ:TSLA) reported a loss of $61.9 million, or $0.50 per share, compared with a loss of $30.5 million, or $0.26 per share, in the same quarter a year ago. But these are losses that are necessary in order to nearly triple its production from an expected 35,000 cars this year to 100,000 in 2015. The company is also nearly finished building its new final assembly line that will allow the automaker to build both its wildly successful Model S and the SUV Model X from the same plant in Freemont, California.

Tesla: Big spending in Q2

Additionally, Tesla Motors Inc (NASDAQ:TSLA) is planning on closing the aforementioned plant for two weeks in the third quarter to finalize the retooling though CEO Elon Musk has stated that this wanted affect customer deliveries. It’s Musk’s hopes that next year’s 100,000 cars produced will be evenly split between the two models.

After A Tough Year, Odey Asset Management Finishes 2021 On A High

For much of the past decade, Crispin Odey has been waiting for inflation to rear its ugly head. The fund manager has been positioned to take advantage of rising prices in his flagship hedge fund, the Odey European Fund, and has been trying to warn his investors about the risks of inflation through his annual Read More

Tesla Motors Inc (NASDAQ:TSLA) has begun work on its proposed $5 billion “gigafactory” on a site outside of Reno, Nevada but is still considering sites in California, Texas, Arizona, and New Mexico. It’s also possible that multiple sites will be selected.

“Before we go to the next stage of pouring a lot of concrete, we want incentives there that make sense and are fair to the state and Tesla,” Musk said.


While Tesla’s current battery supply in partnership with Panasonic Corporation (ADR) (OTCMKTS:PCRFY) (TYO:6752) could produce 200,000 vehicles annually, the company wants more and needs its own battery manufacturing capabilities to achieve this. Tesla also opened 50 new “supercharger” stations in the second quarter bringing the number up to 156.

Some delays but the company remains positive

Though Tesla’s Model X, a crossover SUV/minivan, has experienced some delays, the company remains positive and believes that the Alpha prototypes will be ready next week. Those Alphas will be used for the tweaking of electronics, deciding on final design decisions, and may even smash a few up in order to make the production models safer.

According to Musk, the Alpha prototypes of the Model X are considerably more advanced than those of the Model S which bodes will for the automaker. It’s expected that the final prototype the Beta will go into production three months from now with the expectation that final Model X production will happen at a much quicker rate that the Model S occurred.

The powertrain design in the Model X is almost identical to that of the Model S making it easier for the company though there are a number of final decisions regarding the production model of the Model X that delays could still occur as the company looks to deliver 100,000 cars next year.


Updated on

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. <i>To contact Brendan or give him an exclusive, please contact him at [email protected]</i>
Previous article Google Now Launcher Available For All – Here’s How You Can Get It
Next article How to Assess Management at Indian Companies

No posts to display