Grand as that figure might sound, it’s only a small chunk of what the company will need to spend in developing its SUV. Tesla itself is providing $50,200,000 in funding for the project. Initially revealed early this year, Tesla’s largest product to date will enjoy California funding because of the 500 manufacturing jobs it will create in the state.
Said to run from 0-60 mph in under five seconds, the car will be powered by two electric motors sucking power from either a 60- or 80-kWh battery. The brand expects to offer up to 250 miles of range on a single charge in what will be the first electric crossover to hit the California market. It will also offer loads of storage space both in the cabin and under the hood where an engine usually sits.
It isn’t clear when the Model X will be available, but the latest report suggests the project is still moving forward.