Here's Why Delaying Tesla Model X Makes Sense
Tesla is delaying its Model X crossover SUV, which was scheduled to come out late this year, until at least 2014, its most recent SEC filing shows.
Reached for comment by AutoblogGreen, the company had the following response:
"Tesla has been intensely focused on Model S, its production and product enhancements and believe there is increased volume potential for Model S," Tesla representative Shanna Hendriks said. "As a result, Tesla has decided to slightly push back the development and timing of Model X to 2014. We do not expect a material impact on our profitability in 2013 or 2014."
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