Tesla Model X Delayed
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.
SEE ALSO: Tesla DOE Loan Repayment to Finish Years Early
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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Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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