Tesla deliveries meet target in third quarter

Before the rear doors open, the Model X scans for obstructions overhead or alongside the SUV. Ganz said after watching a live stream of the Model X unveiling Tuesday night.

“What does this bode for the auto that’s supposed to be Tesla’s real cash cow?” According to Tesla, the car’s sensors will only allow the vehicle doors to open at certain angles depending on how much space you have, i.e. a narrow garage, parking space, or low ceiling. The HEPA filters are up to 10 times the size of filters found in other cars.

Other notable features include accident-preventing automatic emergency braking and side collision avoidance technology, a wide windshield that extends up to the roof, pedestal seats for extra leg room, and a sound system that’s designed with 17 speakers. A lot of them. The tricky design will make the Model X stand out in a crowded luxury SUV market as long as they work correctly, said Anton Wahlman, an independent analyst and investor in Palo Alto.

For achieving its goal of delivering 50,000-55,000 vehicles by the end of this year, Tesla will have to ramp up the production of its vehicles during the October-December quarter. Rolls-Royce, Aston Martin, and Lamborghini have all expressed interest in bringing an electric SUV to market but Tesla has got the head start.

During the event at the Nasdaq, at which SolarCity announced a panel it says is the industry’s most efficient, Musk also said construction of Tesla’s giant $5 billion battery plant in Nevada, known as the “gigafactory”, was “progressing very well” and that he hoped it would begin output in the spring. “Ninety per cent of parts for the X are fine, 9% are hard to deal with, and the final 1% is excruciating”. JPMorgan Chase & Co. reiterated an underperform rating on shares of Tesla Motors in a research report on Tuesday, July 21st. At its peak, the facility built roughly half a million cars a year.

Tesla expects its latest offering to ace every safety crash test standard.

So far, Tesla has only released pricing for the Model X Signature, the series’ specially badged, fully loaded cars.

Hopefully, the dance will impress the 25,000 buyers who ordered a Model X before even seeing it. For one, it promises 250 miles on one charge and stylistically, bears a few similarity to the Model S range. The Cayenne S for instance goes from 0-60 miles per hour in 5.4 seconds compared to Model X time of 3.2 seconds. “The S and X serve as the revenue foundation for the Model 3”. Jefferies Group raised their price target on shares of Tesla Motors from $360.00 to $365.00 and gave the stock a buy rating in a research note on Thursday, September 17th. However, the question remains that how well the offering will fare with customers.

“It’s pretty hard to hide the progress, it’s so giant”, Musk said. 96 funds bought stakes while 158 increased positions.

Whenever he checks in to the My Tesla section on the company website, he finds a message reading, “You will be contacted in order of your reservation…”