Some Tesla Motors Inc Model X Buyers To Wait 2 Years


Tesla Motors Inc (NASDAQ:TSLA) already postponed the delivery of the first Model X crossover vehicles to the third quarter of the next year, and as per estimates, the number of preorders has already crossed 20,000, This means even the first round of owners will have to wait for a long time to get their vehicle. The wait is even worse for those planning to order it now.

Longer wait for new orders

The EV manufacturer recently sent a letter update to customers who already preordered a Model X. In the letter, the Elon Musk-led company states that the Model X will feature the same dual motor all-wheel-drive system fitted to the new D. However, a shocker comes later in the letter when Tesla informs customers that anyone who ordered the car today should not expect a delivery until well into 2016. It also informed customers that the “Model X will be the first electric vehicle with towing capability.”

Fastenal: Why Being Cheap Works As a Business Strategy

FastenalFastenal is one of the best-performing stocks of the past decade. Since the beginning of January 2010, shares in the industrial distribution company have yielded an average annual return of 16%, turning every $10,000 invested into $44,264. Q2 2020 hedge fund letters, conferences and more In many ways, Fastenal is not the sort of business Read More

The letter read that with the Model S, the company has delivered a product better than a show car, and with the Model X, it wants to stick to the same philosophy. It said that every feature of the Model X, from the interior to the falcon wing doors, is either in line with the prototype or even better.

Tesla boasts strong demand for Model X

The dual motor all-wheel drive and autopilot features were the latest advancements for the Model S, and they will be featured in the Model X as well. Additionally, the dual motor propulsion system of the Model S 85D will also be present in the Model X, delivering uncompromised range and traction control. However, the Model X cannot be said as simply an upgrade of the Model S and “every detail of this car has been optimized for the unique mission of Model X.”

Tesla mentioned in the letter that demand for the Model X has been strong and preorders are impressive. It read that the major part of 2015 will be equipped in building and testing production-intent prototypes before delivering the first cars to customers in North America in the third quarter. The company said that it would try to meet all the orders as soon as possible.

The letter stated also that the company is working on beta vehicles in the factory as of now. They will be taken for crash testing in the near future.