Musk: Model X will double Tesla’s sales
NEW YORK, July 8 — Tesla Motors Inc’s new Model X sport utility vehicle will double the company’s sales volume, chief executive officer Elon Musk said.
Musk, speaking with reporters yesterday at the annual Allen & Co media conference in Sun Valley, Idaho, didn’t elaborate.
The vehicle is slated for introduction this quarter.
Tesla is counting on the new SUV to reach a goal of selling 55,000 of its all-electric vehicles this year.
The company, which currently sells only the Model S sedan, delivered 21,552 cars in the first half of 2015, or about 40 percent of the company’s overall goal.
Demand for the new vehicle ‘is there,’’ Dan Dolev, a Jefferies LLC analyst, said last week. — Bloomberg
