Tesla Motors Inc (TSLA) Model X quietly shipped once again
Tesla Motors Inc presented Model X, one of the world’s most impressive pure electric vehicles on September 29. The company stage six cars, and have them, the “Founders Editions”, to their owners by the end of the night. Since, despite being very loud about a number of other things, we have heard very little about Tesla Motors’ Model X.
That was until Tuesday, when NVIDIA Corporation CEO Jen-Hsun Huang posted a photo, via the Official Company Twitter, of his brand new model XM Huang was not among those who put his model X on stage on September 29. This means that Tesla Motors continues, albeit slowly, to build the Model X at Fremont.
Model X still hasn’t reached normal people
It is questionable if you can group together those who are willing to pay over $ 100,000 for a brand new electric vehicle and willing to wait more than two years to get it, “normal”. In any case, Tesla Motors still did not ship the Model X to any of those who booked the car through the normal channels. The units in the car shipped on September 29 were Founder’s Editions, as was the one taken by Mr. Huang from his home.
NVIDIA makes the chips that power the software on the Model S and Model X, and the company has been a big supporter of Tesla Motors for a long time. You can probably tell the level of supportt just looking at the garage behind the CEO of the company in the photo above. The Model X isn’t the first time it’s been shelled out for a Tesla Motors ride.
Some Tesla Motors Club A member of the forum has been confirmed to have Model X’s second signature reservation. It would be in the first batch of deliveries, but not necessarily in the second line, once Model X is ready to leave the line at Fremont. . There has been no report on this, and Tesla Motors seems to have a hard time getting the car out of the door.
Tesla Motors Model X is getting later and later
Tomorrow will mark a month since Tesla Motors announced it had launched the Model X. That launch date was to coincide with a deadline that Elon Musk had verbally imposed on the company. He said, since the end of last year, that the Model X will arrive before the end of the third quarter. It’s done, but it was clearly not ready for prime time yet.
Model X shipments are going to be a key part of how traders and the automotive world judge Tesla Motors in 2015. The company’s building from its second production line, as well as its third car, is a major expansion. This is one of the first major steps the company has taken with the full light of the global stage, and there are a lot of people ready to deregister the company as a result of missteps.
Auto industry veteran Bob Lutz writing for Road and track, believes that Tesla Motors has shown that the automotive world is already too much for it. It is clear from the company’s massive share price that Wall Street has yet to abandon the company, and there is plenty of reason to believe that Tesla Motors can survive a small delay in model shipment X.
Accumulate risk, delay returns
Anyone with shares in Tesla Motors should be prepared to admit that they bought a very risky piece of paper. There are hundreds and thousands of things that could destroy the future that Elon Musk hopes to build with his line of electric vehicles. From a serious reminder to a stock market collapse, Tesla Motors faces huge risks for the future.
As we head towards the release of the company’s third quarter results, due November 3, now is a good time to remember that a delay in the release of the Model X is unlikely to be one. of these risks. Of course, that could hurt the business, and it could cause more than a few people to cancel their reservation for the EV SUV.
In the long run, however, the slow rollout of Model X will be forgotten as long as Tesla Motors can meet its other goals. What Model X says about these targets is something else. Elon Musk freely admitted to making quite a few mistakes in the design of the Model X. The car is great, but it’s just too hard to build.
If the company cannot correct these mistakes as it moves towards exiting Model 3 and opening up its mass market hopes, then Wall Street will lose confidence. It is this confidence that keeps Tesla Motors staff paid every day., and its removal forms the basic mechanism of how most risk can wreak havoc on Tesla Motors.
Looking to buy Tesla Motors
For now, however, those with long-term dreams about Tesla Motors’ future should probably stop looking at the charts. It will be a volatile time for the stock heading into next year. This is why analysts like Baird’s Ben Kallo downgraded the company after the Model X released.
Anyone who says they know where stocks are heading for profits, and beyond, isn’t worth listening to, whether or not they’re named after a major Wall Street bank. Shares of Tesla Motors, and the market at large, are just too volatile right now to be able to predict. This is if the stock markets can ever be predicted by anyone, an idea that is controversial in itself.
After the bell rings on November 3, Tesla Motors will post its revenue figures for the three months through September. We know that the firm missed its sales targets for the third quarter, we know that the Model X is very late and can interfere with the Model S. Many people think that Tesla Motors will not be able to reach the 50,000 sales. for the whole year.
For those looking at the long term, these are very minor changes in the history of Tesla Motors. A growing business will not be successful all the time, and even the the biggest companies make mistakes. What makes Tesla Motors special is a unique understanding of the technology needed to sell electric vehicles and a leading edge. This is why Wall Street, despite the multitude of downgrades in recent months, still thinks Elon Musk is a man worth betting on.