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Tesla (TSLA) Model X Unveiled: What Investors Need to Know

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Tesla Motors, Inc.TSLA has finally started deliveries of the long-awaited Model X. CEO Elon Musk hosted a launch event at the company's Fremont plant to mark the first six deliveries. Tesla already has deposits for nearly 20,000-25,000 Model X vehicles, and customers ordering one now will have to wait till the second half of 2016 to get their hands on the vehicle. This is the first time that Tesla has two vehicles in the market at the same time.

Model X is being promoted as a safe, comfortable, stylish and fast SUV. According to Musk, it is the first SUV to obtain a five-star safety rating in every category. Moreover, its low center of gravity significantly reduces the possibility of rollover in case of a crash.

The all-wheel-drive Model X offers falcon wing rear doors with built-in sensors as a standard feature. The sensors help the doors to open in garages of different ceiling heights. It is equipped with medical grade HEPA filter that eliminates all pollen, bacteria, viruses and pollution in the air before flowing it through the car. It even has a bioweapon defense mode to protect occupants from a biohazard.

Model X also offers automatic keyless entry, automatic emergency braking, parking sensors, blind-spot warning and side collision warning. The other features include rear hitch for bikes or skis; power-folding and heated side mirrors; and flat-folding, two-adult third-row seats.

The vehicle has the largest windshield among all cars currently in production. It also comes in six and seven seat options. Model X offers a towing capacity of 5,000 pounds and has ample storage space in the front trunk, rear cargo area and under passenger seats. It has a top speed of 155 mph and a 90 kilowatt-hour battery.

Further, the P90D version of Model X offers a range of 250 miles and has the ability to accelerate to speeds of 60 mph from zero in just 3.8 seconds. The 90D version offers a range of 257 miles and can accelerate to speeds of 60 mph from zero in just 4.8 seconds.

Meanwhile, customers can upgrade to the Ludicrous Mode in the Model X Signature series by paying an additional $10,000. The Ludicrous Mode range of vehicles can accelerate from zero to 60 mph in just 3.2 seconds.

The Signature edition of Model X is available for around $132,000, barring incentives, projected gas savings and tax credit charges. The Model X Signature series also includes features like self-parking, satellite radio and ventilated leather seats with heating and cooling.

Tesla currently carries a Zacks Rank #3 (Hold). Better-ranked automobile stocks include Daimler AG DDAIF , PACCAR Inc. PCAR and Fuji Heavy Industries Ltd. FUJHY . Daimler sports a Zacks Rank #1 (Strong Buy), while Fuji and PACCAR hold a Zacks Rank #2 (Buy).

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PACCAR INC (PCAR): Free Stock Analysis Report

DAIMLER AG (DDAIF): Free Stock Analysis Report

FUJI HEAVY ADR (FUJHY): Free Stock Analysis Report

TESLA MOTORS (TSLA): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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