While releasing the quarterly statement for earnings today Tesla dropped the bad news that the upcoming model X, the winged crossover will not be released for sales till third quarter of 2015 opposed to the earlier plans of starting production by the year end.
Elon Musk, the Tesla CEO and Deepak Ahuja, the CFO reasoned the additional testing for the delay. According to them, more time was spent on testing to come up with the best Model X. The statement also notified that the engine meant for the model was under the developmental stage at the time of announcing the Powertrain for the all-wheel-drive Model S, which would be used for the crossover.
Reports say that more than 20, 000 potential customers have put down deposits for the upcoming Model X, which shows that there is a tremendous interest generated for the all-electric crossover with showy doors from Tesla. However, this is not the first time the announcement of the delay came from, Tesla for the Model X as it announced a revised schedule for delivery last time. Elon Musk also admitted that the company was trying to divert the crossover customers to the Model S sedan.
Both the CEO and CFO managed to twist the production delay into a subtle self-compliment of Tesla culture. In a statement, it was stated that Tesla would like to forego money rather than releasing products that do not make customers happy. Negativity affects short time benefits, but positivity is for long term. There are companies that do not toe this philosophy which can be termed as a more attraction option for investor capital, but Tesla has no intention of changing. Now you have heard all that and investors can wait for the Model X to come when it is ready to come.