Tesla Model X Launch Delayed Until Late 2014


  • Tesla Model X Picture

    Tesla Model X Picture

    The launch of the Tesla Model X crossover has been delayed by about a year. | March 11, 2013

Just the Facts:
  • The launch of the Tesla Model X crossover has been delayed by about a year, according to a Tesla Motors SEC filing.
  • "We currently plan to start production of Model X in late 2014," Tesla Motors said in the filing.
  • Tesla Motors also said it has received federal approval to complete the repayment of its $465 million in U.S. Energy Department loans five years ahead of schedule.

PALO ALTO, California — The launch of the Tesla Model X crossover has been delayed by about a year, according to a Tesla Motors SEC filing.

"We currently plan to start production of Model X in late 2014," Tesla Motors said in the filing.

Deliveries of the Model X had been expected in early 2014.

"We anticipate that we will make Model X available with 60 kWh and 85 kWh battery pack options, with pricing of each version similar to those of a comparably equipped Model S," the filing noted. "We currently intend to target an annual production rate of approximately 10,000-15,000 cars per year from our Tesla factory."

Tesla revealed an early prototype of the Model X crossover in February 2012, calling it the first vehicle it intended to develop by leveraging the Tesla Model S platform. The Model X is said to have the roominess of a minivan and the style of an SUV, including an optional all-wheel-drive system.

Tesla currently is accepting reservations for the Model X on its Web site. The base Model X requires a $5,000 deposit, while the uplevel Model X Signature requires a $40,000 deposit. Tesla has not posted official pricing on the Model X. The deposits are fully refundable, according to the Web site.

Tesla Motors also said it has received federal approval to complete the repayment of its $465 million in U.S. Energy Department loans five years ahead of schedule. The company had been scheduled to complete repayment by the end of 2022, but is expected to finish the task by the end of 2017.

"We've been very focused on production and deliveries of Model S and will be pushing back production of Model X to late 2014," wrote Shanna Hendriks, a Tesla spokeswoman, in response to a query from Edmunds. "We do not expect a material impact on our profitability in 2013 or 2014."

Edmunds says: You'll have to wait a bit longer for that Tesla Model X.

Leave a Comment
ADVERTISEMENT
ADVERTISEMENT

Marketplace

up2drive

Get Pre-Approved for a Loan


Car.com

Credit Problems?
We can help you get Financing!

ADVERTISEMENT