In a shareholder letter released in conjunction with its fourth-quarter results, Tesla gave some tantalizing details about buyer interest in the Model X electric SUV. The company received 500 reservations for the Model X, at a refundable cost of $5,000 each, after the car's unveiling on February 9.
Model X deliveries will not begin until 2014. Tesla expects to produce 10,000 to 15,000 Model X vehicles per year. Although Tesla has not announced the price of the Model X yet, it should be on par with the previously shown Model S electric sedan.
The company also … Read more