Tesla Motors Inc (TSLA) Model X Pre-Orders Tally Rising Sharply

13
Tesla Motors Inc (TSLA) Model X Pre-Orders Tally Rising Sharply
Blomst / Pixabay

Tesla Motors Inc (NASDAQ:TSLA) Model X is gaining substantial traction even before its launch. The Model X has garnered many pre-orders before the expected launch in early 2015. According to Tesla Motors Club, pre-orders for Production stood at 9,555 all over the world and around 1,432 pre-orders were placed for Signature Model X.

Tesla Model X to feature AWD, “falcon doors”

To book a standard Model X, one has to deposit $5000 while the signature version will be booked for $40,000. In its blog, the company clarified that those who have booked for upgraded models will be counted whereas cancellations will not be counted.

According To Jim Chanos, This Is The Biggest Story No One Is Talking About

Jim ChanosWhen a liquidity crisis struck China's Evergrande Group in the summer of 2021, it shook the global markets. Debt payments by China's second-largest property developer by sales were estimated in the hundreds of billions of dollars, and the company missed several payments. Those missed payments led to downgrades by international ratings agencies, but the Chinese Read More

Tesla Motors Inc (NASDAQ:TSLA) Model X will be all-wheel drive only with a separate electric motor powering the front wheels. The wheelbase of Model S and Model X will be same, and the length of the Model X will be within 5 centimeters compared to that of the Model S. The Model X has a unique practical body style and stylish “falcon doors.”

Audi to give tough competition

The Tesla Motors Inc (NASDAQ:TSLA) Model S hasn’t dealt with a competitive threat because there is no other big automaker that can design a car to the level of the Model S and at this price point. The Model S is due for a software update, which would include a hill-hold function giving the car the ability to set ride height manually over a wider speed range and other changes.  However, the crossover Model X will have competition from these carmakers.

Tesla Motors Inc (NASDAQ:TSLA) Model X will get close competition from Audi Q8 e-tron, which is expected to cost around $130,000. The car is expected to be a real competitor for the Model X, but will be late by 2-3 years as Tesla is planning to launch Model X ahead of Audi Q8 e-tron.

Model X will have a battery pack of at least 80 kWh. Audi, on the other hand, has reportedly integrated the latest developments in the battery technology by increasing the range of the upcoming R8 e-tron from 134 miles to 248 miles. The battery technology would be more advanced by the time Q8 e-tron is launched in the market.

During the recent European tour, CEO Elon Musk stated that the battery cost would be less for the Model E sedan bringing it in the range of BMW 3 series-like with a base price target of $30,000 to $40,000. Model E batteries are anticipated to cost 30% to 40% less per kilowatt-hour than Model S batteries.

No posts to display