As Tesla hopes to repay its DOE loan five years ahead of schedule, the American electric automaker will be delaying production on the Model X for at least a year.
Tesla originally was on schedule to repay its $465 million loan by the end of 2022, but announced earlier that it now has a target date of repaying the loan by the end of 2017. Unfortunately, those that are eager for the Model X to hit the market will have to be patient, as Tesla now plans on starting production of its electric crossover to late 2014.
The Tesla Model X was originally slated to begin production later this year, with deliveries beginning early 2014. However, Tesla is also putting more focus on its surprisingly popular Model S, hoping to deliver 20,000 units of its sedan this year. With more focus being placed on the Model S and repayment of the loan, the Model X will just have to sit back and wait its turn.
GALLERY: TESLA MODEL X
[Source: LA Times]
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