Tesla Model X New Orders Delayed Until Mid-2016

Tesla Model X New Orders Delayed Until Mid-2016
Source: Pixabay

Tesla’s Model X, which is scheduled for delivery in a few days, appears to be in high demand. On Thursday, Tesla quietly updated its Model X order page, informing buyers that new reservations won’t be shipped until the second half of 2016, according to Electrek.

Tesla Model X Wait finally over for some

Finally, after getting delayed several times, Tesla’s Model X will be launched at a special event on Sept. 29. For the first time, the car was unveiled in February 2012, and at that time, the vehicle was said to launch sometime in 2014. But due to various engineering challenges, and a focus on ramping Model S production, the Model X was delayed again and again.

Now almost after four years, the car is finally set for delivery with deliveries building up slowly but surely, so it’s no surprise that the order backlog is piling up. Though it was already known that the new orders will be delivered in 2016, this is the first hint suggesting new orders will be pushed to mid-2016.

For the Tesla Model X, Tesla is expected to reveal the pricing at the event. The EV firm has already asked the initial deposit-holders to select the specs of their cars, but it’s only for the limited edition and fully loaded “Signature” series.

For Tesla, Model 3 more important than Tesla Model X

For now, there are reports that Tesla has already got over 31,000 preorders for the Model X. This is really impressive as for the Model S, the preorders in the weeks preceding the release amounted to just 12,000. The growing popularity of the Tesla brand is one reason for the massive number of preorders for the Model X. It’s also a fact that that the SUV is much more appealing and practical than a sedan.

However, in terms of range, the Model X won’t be able to beat the Model S owing to its heavier batteries. Tesla’s Model X will come with battery sizes of 70kWh, 85 kWh, and 90kWh, allowing it to travel 210, 240 miles and 250 miles respectively.

Though the Tesla Model X with its spacious interior and unique “falcon doors” is important to the firm, arguably the most relevant in the product lineup will be the mass-market Model 3, which is expected to hit the market in 2017.

On Thursday, Tesla shares closed up 0.79% at $263.12. Year to date, the stock is up by over 18% while in the last year, shares are up by over 1%.