Tesla’s Model X is one expensive SUV bet image

The second model line in Tesla’s showrooms is one expensive sport utility vehicle, but it appears that early signs point towards a successful progress on the US market for the newly launched Model X.

A warehouse party in Fremont, California was the venue for the much delayed launch of the Model X crossover, with chief executive and co-founder Elon Musk taking his time to explain the new SUV to the cheering crowd of media representatives, VIPs and technology aficionados. The figures are all impressive – from the price of the limited series Signature Model X that comes in at $132,000 without added options to the 257 miles on a single charge and not to 60 mph time of 3.2 seconds. It features the ludicrous “Ludicrous” mode that enables that insane acceleration time and those gorgeous and – maybe – practical falcon-wing back doors. While the Signature Model X does come loaded with some of the extra perks you would usually have to pay in a Model S it does ask you almost twice as much as for an entry-level Model S sedan. It’s also massively overpriced when compared to what could be called “competition” – the Porsche Cayenne S E-Hybrid, starting at $77,200.

But you do get the latest in terms of green technology and also the performance is far and above – the Cayenne E-Hybrid goes to 60 mph in 5.4 seconds and reaches a top speed of 151 mph. Also, total combined output is of 416 horsepower, while the Model X nails that 3.2 seconds sprint thanks to 259 horsepower in the front and 503 horsepower in the rear, topping out at 155 mph. According to Tesla, when all incentives and subsidies in California are factored in, the Signature goes down to $112,000 and the upcoming base Model X would only be around $5,000 more than the $75,000 Model S.

Via Bloomberg