A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

USA: Tesla Motors Shows Electric Model X SUV; What Next

Tesla Motors (TSLA) began with an ambitious limited-edition electric sports car — the $109,000 Roadster — but its bread and butter will increasingly be in lower-price vehicles, parts and tech expertise.

The Palo Alto, Calif., startup is set to unveil its luxury SUV crossover Model X on Thursday in Los Angeles. Its price is seen in roughly the same ballpark as the $57,400 Model S sedan starting deliveries in July.

Tesla aims to be a carmaker for the masses, but critics question how far it could get on its own. The other electric sports car startup — Fisker Automotive — is having problems.

Electric-car pioneer Tesla plans to start delivering its $57,400 Model S sedan this July. View Enlarged Image

But like its streamlined carbon-fiber Roadster shells, Tesla has built flexibility into its growth strategy. And it’s attting investor interest.

The smallest in IBD’s nine-company Auto Manufacturers industry group, its stock tops 79% of public companies in performance over the past 52 weeks, though the startup’s profit growth rating remains low.


1 comment to USA: Tesla Motors Shows Electric Model X SUV; What Next

Leave a Reply