Tesla Motors Inc (NASDAQ:TSLA) Makes Last Minute Model X Improvement

Tesla Motors Inc Model X SUV

Tesla Motors Inc Model X’s delivery is now just days away, and it seems like the firm has slightly increased the range for the P90D Signature Series. Initially, Tesla’s website listed its range as 240 miles on one charge, but now it has been increased to 250 miles, says Green Car Reports.

Tesla Motors, Inc (TSLA) Model X with 250 mile range

Range could have delayed Tesla Model X

A screenshot on the Tesla Motors Club forum provided the initial information on the increase in the Model X’s range. One of the Model X buyers posted an image showing the range estimate is 250 miles instead of 240.

Presently, Tesla Motors Inc is requesting all Model X customers, who have placed pre-orders, to log into the firms official website and customize their vehicles so that the firm is able to process their orders on time. For now, only the most expensive model i.e. P90D, is available for selection. Tesla wants to get the most expensive version out first as it prioritized the orders for the Model S P85D, which is the newest top tier of the sedan with dual motors.

The starting price of the P90D Signature series is $132,000 before tax incentives, and an important point to note is it has the biggest 90 kw-hour battery pack, and therefore probably, would have the longest range among the entire Model X line. Green Car Reports suggest range could be one reason for the delay in the Model X.

Audi’s range still the highest

Tesla might have raised the range of Model X, but it is still less than the 310 miles range that Audi plans to offer with its electric car. Audi is all set to launch an electric car that will have a lithium-ion battery and an SUV body. It will have “flat, coupe-like cabin” with a spacious interior for carrying around four people at a time, the German car-maker said. Aston Martin too is all set to launch a totally electric version of its Rapide car that will have four doors and 800 horsepower.

Tesla Motors Inc Model X will be powered by two independent and digitally controlled electric motors, and will combine “the space and functionality of a seven seat sport utility vehicle with the uncompromised performance of a Tesla,” says the firms website.

At around 10.22 am EDT today, Tesla shares were down 0.68% at $260.28. Year to date, the stock is up over 17% while in the last one-year, they are down over 1%.

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Aman is MBA (Finance) with an experience on both marketing and Finance side. He has work as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, playing PC games and cricket.


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