Speaking at the annual shareholder meeting, billionaire entrepreneur and co-founder Elon Musk, also Tesla Motors’ chief executive officer said the company would finally start deliveries of the long delayed Model X electric sport utility vehicle in three to four months.
The electric carmaker is finally keeping up to its schedule, as the promise mirrors the timeline the company gave earlier this year, after numerous delays over the course of the model’s development. “The Model X will be a better SUV than the Model S is a sedan,” commented Musk, 43, during Tesla’s annual shareholders meeting, held at the Computer History Museum in Mountain View, California. Tesla first showcased the concept of the Model X crossover back in February 2012 and said it would have it in showrooms by the end of last year, with Musk adding he has been driving lately the latest prototype of the SUV, keeping to the schedule that initial deliveries would be made late during the third quarter – after some of the customers have ben waiting for the new Model X for at least three years.
The California-based automaker is the smallest and youngest publicly held US car company, with Tesla aiming to heavily invest in growth as it prepares to add the Model X to the lineup and the Model 3 affordable electric sedan from 2017. The automaker is increasing output, constructing a battery factory in Nevada and diversifying its business outside cars – offering a new battery product strategy for homes, businesses and utilities.