Tesla started shipping the long-awaited Model X SUV to early buyers late last year, and by the end of the year, it was able to deliver just 208 units. Since the number of Model Xs on the roads is so small, knowing the vehicle’s actual performance will not be easy. But to help us, Global Equities Research analyst Trip Chowdhry has released early reviews of the car from the first few owners.
Early adopters are “loving” Tesla Model X
Tesla’s Model X, which is only the third car from America’s most-hyped automaker, can be said to be the most hotly anticipated SUV of the last decade. The EV firm has not only thrown in complex technologies and features into the SUV but also managed to make it attractive when it comes to performance.
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In a note to clients on Tuesday, Chowdhry said he was able to track and chat with three Model X owners to get their opinion of the new car. Though three is not a big number, considering that only 208 units have been delivered, the number does appear significant. According to these early adopters, sitting in the car’s futuristic cabin is like “sitting a helicopter cockpit,” and they all are “just loving” the car they have bought.
“These owners have given rides to their family members, relatives and friends… they were so impressed by Model X, that they also reserved a Model X,” read a note from Chowdhry (via Benzinga).
Chowdhry, who also made a visit to an area Tesla factory, found that employees appear “high-energy and motivated…they were working on the New Year Weekend, as if it was a regular working day.”
Citing channel checks, Chowdhry said the Model X is getting more “visible” in the Bay Area. Citing the reviews from the early adopters, Chowdhry explained why he is so optimistic on the stock and the Model X. For the next 12 to 18 months, Chowdhry has a price target of $385 on Tesla.
On Wednesday, Tesla shares closed down 1.96% at $219.04. Year to date, the stock is already down by almost 9% while in the last month, it is down by almost 5%.