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Tesla Motors Inc Said to Set First Signature Model X Shipment Date

Tesla Motors Inc Model X sneak peak

Tesla Motors Inc has had a huge amount of trouble getting the first units of its Model X EV SUV out the door, but appears that the wait may be over, at least for a happy minority of those who have booked the car. On the Tesla Motors forums, user vgurbuxani revealed that his Tesla rep had been in touch to organize the shipment of his Signature Model X.

Tesla Motors Inc Model X sneak peak
Model X outside the Fremont factory

vgurbuxani says that their Signature Model X will arrive in mid-December and they’re going to pick it up directly from the firm’s Fremont factory. The forum user stated that their’s was Signature Model X #122, but that doesn’t quite mean that Tesla Motors will be getting hundreds of units of the car out in the next week or so.

Tesla Motors plans first Model X deliveries

Tesla Motors Inc might simply be focused on getting the Model X to those it’s easiest to deliver to in the first day’s of its availability. That should allow the firm to lock in more shipments of the EV SUV before the end of the fourth quarter as the firm races against the clock to hit its targets of the full year 2015. vgurbuxani made the post on Wednesday.

Some of the other early Signature booking holders are very active on the Tesla Motors forums, but there’s been no other reference to a shipment date. The mid-December date promised to the Signature Model X #122 buyer could mean shipment at any time in the next two weeks. It’s a positive sign for Tesla as the firm tries to start mass production of the Model X after months, and arguably years, of waiting from fans.

The post does suffer from some questions about its validity, however. It’s not exactly from a credible source, and Tesla Reps have been known to get the wrong end of the stick and give out information that isn’t 100 percent accurate. Add to that the fact that vgurbuxani wasn’t given a direct release date, and it’s clear that the report may not be representative of Tesla Motors’ plans.

Some of those with the low-numbered Signature bookings have been waiting for Tesla Motors to put the car together since it was first revealed in 2012. After so many years of waiting, they’ll be hoping that the car impresses. Those few that have come into contact with the car in real life seem to impressed so far.

Founder’s Model X shipments ramp up

To date we only have confirmation of thirteen shipments of the Model X, but a post on the Tesla Motors Club forum appears to show that the firm has ramped up delivery of the exclusive line of the Model X. Fred Lambert over at Electrek.co reported on Wednesday that Founder’s Model X #36 had been spotted in the wild.

Mr. Lambert’s info comes from a post on the Tesla Motors Club forums and, like the post on Signature Model X delivery #122, it doesn’t carry the kind of weight of an actual release from Tesla Motors or a more verifiable claim by a person in the public eye.

The Tesla Motors Club forum user trilson said that they spotted Founder’s Model X #35 in a California parking lot this week, and approached the owner about taking a look. The unnamed owner apparently obliged, and the forum user was able to report his experiences.

trilson wrote, “The front seats are better than the next gen seats in the Model S. All 3 rows had perforated leather, and the perforated leather feels amazing. More room inside than I expected, though headroom might be an issue for 3rd row if you are taller than 6 ft. Much nicer than the next gen seats with premium interior.”

They added that “Getting into the 2nd and 3rd rows is easier than any other SUV I’ve used. The auto closing and opening front doors are sweet as well. You can just pull the handle on the inside and the door shuts, much rapidly than I expected. My photos (and all photos I’ve seen) don’t do this car justice. Just amazing looking in person.”

All of the shipments that the firm manages to make before the end of the year are going to be important, as both Founder’s and Signature will be included in the fourth quarter Model X shipment tally the firm will release with its earnings numbers in the first week or two of February 2016.

Tesla Motors Inc looks longingly at targets

Tesla Motors says that it’s going to ship 17,000-19,000 cars in total in the fourth quarter of 2015. The vast majority of those cars are going to be the firm’s Model S. Given how late in the quarter it is, it’s not likely that Tesla Motors will be able to get more than a couple of hundred units of the Model X out the door before the end of the year.

Rod Lache, of Deutsche Bank, said in a report published on Tuesday that Tesla Motors likely had a huge cushion for Model X production built into its guidance for the fourth quarter. Mr. Lache’s report, which focused on how many units of the Model X Tesla Motors Inc  can make rather than the amount it can ship, revealed that there was quite a lot of activity at the firm’s Fremont plant in relation to the Model X.

Earlier this week Tesla Motors appeared to leak information to analysts at Credit Suisse about the progress of its production and shipment teams toward its targets. On December 7 the Dow Jones News Wire carried a piece sourced from the Swiss investment bank. The report said that Tesla is “ramping up production of its Model X SUV and expects to reach “several hundred” per week some time this month.”

It added that “expects its Model S to reach the top market-share position in Europe for the first time in its price segment and that the company should hit its 4Q deliveries forecast of 17K vehicles.”

For those holding Tesla stock, that last line will carry a whole lot of significance. The firm’s Q4 shipment number, which is set to be published to the public a few days after the quarter ends, is likely the single biggest catalyst for the firm right now, and Tesla Motors Inc   stock is trading around speculation of where it might land.

For the thousands of people who have loaned Tesla cash in order to secure a Model X, news that the first deliveries are starting will be very welcome indeed. If the firm can keep the quality even and expand production at the same time, it won’t be long before the 1,200 or so Signature Model X in the US are shipped, and those who only have a “normal” Model X booked will begin to get their hands on the car at long, long last.

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