Tesla Model X Delayed Due to Financial Reasons

Tuesday, March 12, 2013 6:49 by
 

Tesla Model X 545x350 at Tesla Model X Delayed Due to Financial Reasons

No, it’s not what you think. Fortunately, Tesla is doing pretty well right now and it’s not because they can’t afford it that they delayed the Model X launch. They did so to pay back the $465 Million USD loan to U.S. Energy Department five years earlier than scheduled.

Thanks to the success of the Model S, Tesla is finally starting to make profit and can continue with their expansion programs. But Musk and Co. decided to clear debts before moving forward, even if that means the production of the Model X crossover has to be postponed.

So don’t expect the Model X to arrive later this year as promised earlier. It won’t be coming around until late 2014. That is unless they change plans again, but with everything Tesla has been through this past couple of years, it is fair to say that Elon Musk knows what he’s doing.

As for the car’s spec, it will offer dual motor all wheel drive for superior all-weather driving and the option of a 60 or 85 kWh battery. The Model X Performance version will accelerate from 0 to 60 miles per hour in 4.4 seconds. Tesla’s touchscreen, the 17″ in-dash display that includes driver controls, vehicle apps, web connectivity and onboard charging are included in Model X.

LAtimes

 

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