(Credit: Wayne Cunningham/CNET)
The report says that Tesla reached its steady state rate of production for 20,000 Model S sedans per year last December. The Model S is built at Tesla's Fremont manufacturing plant.
Tesla offered no reason for the Model X delay in its report, but at the time of the original announcement, production of the Model S had not even begun. It is likely that the company learned lessons from its new Model S production lines.
The Model X is designed as a crossover-type vehicle using a platform similar to that of the Model S. Unlike the sedan, the Model X will have four-wheel-drive thanks to an extra drive motor at the front wheels. Its range will be less than that of the Model S because of inferior aerodynamics and more weight.
Tesla's report also announced an accelerated schedule for paying back its Department of Energy loans under the Advanced Technology Vehicle Manufacturing Program. The company had taken out a $465 million loan under the program in 2010, and was due to complete repayment by 2022. The company has arranged a new schedule with the Department of Energy which will have the loan repaid by 2017.
Wayne Cunningham, Senior Editor at CNET, has covered the Car Tech beat since 2004. He is an expert on connected car technology, dashboard systems including navigation and Bluetooth integration, high-tech driver assistance systems, and new fuel saving and electrification technologies.
With Govt. Pilot Programs and Start-Ups for convenient, efficient EV Charging Stations popping up all over the States,
Most of which are currently Free or Nearly Free,
What's the next excuse?
announcing last month an 18 percent price cut, bringing the Manufacturers Suggested Retail Price (MSRP) from $35,200 to just $28,800. That’s still a lot of money, but brings the entirely electric vehicle into a more reasonable price range for many people.
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