Elon Musk Loves This Model X Variant So Much That It Is The Only One He Wants To Offer

Comments
Loading...

Tesla Inc TSLA CEO Elon Musk said on Sunday the electric-vehicle maker’s midsize crossover Model X’s six-seat configuration is the best option among the three seating offerings that are currently on sale.

What Happened: The billionaire entrepreneur said that at times he wants to offer only the six-seater variant to customers.

Model X currently offers five-, six-, and seven-seat configuration options for buyers. The Model X Plaid is, however, available only in the six-seat configuration. All options have an estimated delivery timeline of January next year.

The Model X entry-level, dual motor and all-drive variant is currently sold at $108,940. The six and the seven-seater variants cost $6,500 and $3,500 more, respectively. 

See Also: Elon Musk Says Tesla 'Dropped The Ball' With This Decision In 2020

Why It Matters: Tesla’s Model S and X vehicles are the company's most expensive, flagship vehicles. 

The EV maker had in December 2020 stopped production of the Model S and Model X electric cars for updates but continued accepting new orders. Musk in February said pausing Model X production over a year ago was a mistake and an "idiotic" thing to do.

The Austin, Texas-based EV maker delivered 24,964 S and X models in 2021. Tesla does not break down individual model delivery numbers.

In comparison, deliveries of Tesla’s best-selling models — Model 3 and Model Y — reached a record high of 911,208 units last year.

Price Action: Tesla stock closed 3.8% higher at $905.4 a share on Friday.

Photo courtesy: Tesla

Overview Rating:
Good
62.5%
Technicals Analysis
100
0100
Financials Analysis
40
0100
Overview
Market News and Data brought to you by Benzinga APIs

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!