Tesla Model X
It's basically a minivan that goes from zero to sixty in 3.2 seconds. Who is ordering one?
http://nypost.com/2015/09/30/tesla-unveils-model-x-suv-and-its-awesome/
It's basically a minivan that goes from zero to sixty in 3.2 seconds. Who is ordering one?
http://nypost.com/2015/09/30/tesla-unveils-model-x-suv-and-its-awesome/
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Price point is steep. Like wowza. Love Tesla, but that price needs to come down big time for event affluent people to consider this.
I'm not so sure. This thing has a wait time of close to a year once you order it; I don't think it's actually intended for normal affluent people who are looking to buy a car for what it does. Tesla will have a new SUV before this ever gets off the ground enough for most people to even consider buying.
Seems geared for ultra affluent who want to be looked at, feel special, and burnish their "green" credentials.
I mean, a wait-list is all relative. There is a wait-list for a 16-home townhouse development in a prestigious neighborhood nearby my neighborhood. But there's a wait-list because there are 16 townhouses available, not 160. Tesla's production ability is microscopic in comparison to Ford, GE, Toyota, Mercedes, et al so it doesn't surprise me that there's a wait-list.
To that end, I agree with ANT. I want, want, want a Model X, but I want it at about $50,000. But I do agree with you that the Tesla market segment is not just the affluent, but the affluent looking to make a statement. So to your point, Tesla should have no problem filling its production capacity (key words there).
This. It's the kind of car that you buy for personal branding more than for functionality.
In other words it's a rich person's Prius.
Can you even afford a car?
A dumpster maybe?
Besides looking a little bloated I think the car is spectacular. Utility vehicles have been eating up market share and (as average transaction prices climb up for both new and used vehicles) the logical solution for manufacturers is to develop higher priced SUVs. Bentley, Rolls Royce, Lamborghini, Jaguar and Aston Martin have high priced performance-luxury SUVs in the pipeline. Porsche, Benz, BMW have expense sport versions of their SUVs and let's not forget Land Rover and its product offerings. At that price point, you not only exceed performance levels for a significant amount of high-end SUVs, you compete with sports cars from all over the world. By offering the more expensive version first, Tesla can check out demand and adjust supply accordingly - which a lot of German manufacturers do now. A car manufacturer that can use an SUV to fund other projects is basically printing money.
I'd rather have a G55 AMG than that douche mobile, oh wait I already do.
I'm not sure everyone here understands that this minivan has the acceleration near that of a Porsche 911 Turbo. As far as comparables, the Porsche Turbo SUV is slower, less advanced, and more expensive.
Not sure I love the looks of the Tesla, but it is a pretty amazing vehicle.
'Murica
I would have sex with it...
Give me an escalade that goes 0-60 in 3.2 seconds and you've got a deal... Havoc and chaos my friends.
I hate SUVs
Ever drive a Telsa? It's magical. The pick-up, the design, the interior, overall it is such a smooth ride. If you're running behind for soccer practice, this baby will get you there on time.
Brand Management 101: None of that matters unless you can get people interested enough to physically show up at whatever high-end mall they're at and ask for a test drive.
Its nice. I drove a model s and it really is a different experience. This is out of my price range
Model X: Thoughts on Tesla’s next big move? (Originally Posted: 09/08/2015)
Tesla Motors
Tesla: the first startup company to be successful in the United States after Chrysler. Tesla has captivated the imagination of individuals worldwide and continues to make headlines with new updates to its Model S lineup, supercharger network and hotly-anticipated Model III.
Elon Musk, the CEO and Chairman of Tesla, has pushed Tesla from a mere shaky start-up to a now highly viable venture with great potential to forever change the automotive industry. In fact, the company’s Model S sedan recently broke Consumer Report’s scale by receiving a 103/100 on the Report’s latest review of the Model S.
Model X
Big changes, however, are headed towards Tesla as it prepares to deliver some of the first Model X’s on September 29. Initially, Tesla will roll out the Signature edition of the Model X which will have a starting price of $133,200. It is worth mentioning, however, that these special edition models will be fully equipped and sport Tesla’s best hardware and software.
The regular Model X will retail for a price comparable to that of the Model S (give or take a few thousand dollars).
Future of Tesla?
All these advances, then, beg the questions: How will the Model X affect Tesla? Does the Model X hold the potential to push Tesla to profitability? Will the Model X solidify Tesla’s presence in the SUV market and brand Tesla into a credible threat in the eyes of established automobile conglomerates such as Volkswagen AG? How will the Model X will move Tesla’s stock (TSLA) and what this could mean from a long-term standpoint?
In the Valley, there is a consensus of sorts that it is futile to bet against Musk. What do you guys think?
Personally, I am long Tesla. #TeamMusk
The Model X will be a huge success, I don't see any way it can't be. As for the stock, the broader market sentiment will drive the price per share. In this environment, growth/momentum/cult stocks are quickly turning out of favor.
When will Tesla start making money ? This company has never churned a penny of profit yet it's valued at 30 billion or so ?
Ahh yes, Silicon Valley...the only place in the corporate world where doing less and talking equates to higher valuations. Anywhere else, the management would be critiqued.
They're making high-end electric cars though, it's kind of a tough biz. Capital intensive, long runway to profitability.
Musk could've kept silent, instead chose to lay out a roadmap where Tesla would be net profitable in 2020.
The $30B valuation was more a function of the overall market environment, obviously not from near-term profitability.
bryanjennings said it well.
do you have any idea how these type of valuations work? if you can't believe in Tesla then god help us all
Very disappointed in the pricing of Model X. When it was first announced a few years ago it was said that Tesla was targeting the $50,000 range for Model X. I was utterly blown away at the $83,000 premium over that original quote. I really, really wanted to buy one of these things, but not for $133,000.
I mean, to be fair, the non-signature edition of the Model X will have similar pricing structures to that of the Model S. Plus, you can also factor in the savings you will gain from not buying gas, not visiting the dealer for regular oil changes and so on.
Isn't the Model 3 the one that will be more in the ~$40k range?
Most of you have probably never invested before, you clearly don't seem to understand the dangers of running an unprofitable business. Silicon Valley is the only place on earth where companies performing bad financially are given lenience.
Anywhere else on earth, the only report card that determines the CEOS' fate is income statement/ EPS. I can imagine CEOS from the coal industry right now . "Please just give us more time, we're facing oversupply, soft demand, and zero margins, but please give us more time, the world populace is 7 billion and rising middle class in the BRICS will save our business."
Musk is a great engineer/entrepreneur/human being - but I'm not going to even bother explaining what's wrong with TESLA financially as a CFA candidate.The fact that no considerable investor/hedge fund has touched TESLA equity is also quite telling . I bet all the big guys like Tepper, Paulson, Soros, Ackman laugh everytime they hear about Tesla's stock. I think even Seth Klarman wrote a superb write-up on why Tesla equity is a farce.
We must be in a bubble. Peter Thiel said using logic and common sense during a bubble may seem eccentric.
On the flip side, I'd love to own any product Elon Musk creates.
Cramer nailed it.
Last 20 seconds are gold.
Yeah. I mean Jim Cramer has always been right on Tesla, hasn't he?...
It's unfair to link their success to the reception of the Model X - Tesla is a battery company that makes cars. I'm still long as Morgan Stanley assigned only 12-14% of Tesla's pricing to Tesla Energy.
Besides, how are you going to bet against Iron Man? It's great to have someone thinking big picture instead of catering to the quarterly report. #TeamMusk
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