Complementing the 2013 Tesla Model S is an upcoming all-electric crossover called the Model X. Unfortunately, those of us who’ve been eager to get behind the wheel of one will have to wait yet another year, as Tesla has announced that it is delaying the Model X until late 2014.
In Tesla’s 10K financial report, Tesla said it is concentrating on building the Model S and is working on improving its technology. That, in turn, will trickle into the Tesla Model X, which will be based on the Model S. The Tesla Model X will be available in 40 kilowatt-hour, 60 kWh, and 85 kWh variants, just like the Model S. Where it will differ is that it will have an available motor powering the front wheels, its third row will be forward-facing, and it is expected to reach production with “falcon” rear doors that swing up and easily allow access to both its second and third rows. Tesla says it will satisfy a niche with the practicality of a minivan and the style of an SUV.
Tesla requested an extension for filing its 10K with the Securities and Exchange Commission earlier this month, worrying some investors. Tesla said it simply had to adjust for different accounting methods, which delayed its reporting.
Other highlights in the report:
- Tesla reiterated that the next vehicle coming from Tesla after next year’s Model X will be smaller and more affordable than the Model S.
- Tesla intends to sell 10,000 to 15,000 Model Xs annually, complementing its target of 20,000 Model Ss.
- Tesla is partly owned by Toyota, which shared engineering expertise in Model S development; Daimler, the parent company of Mercedes-Benz; and Panasonic, which supplies its battery cells.
- The automaker has earned $40.5 million in revenue from ZEV credits, selling them to other automakers. Tesla has not disclosed which automakers have purchased them, but you can take your best guess at the seven largest automakers in California who don’t have a strong electric vehicle program.
- While the NUMMI plant where Tesla manufactures cars was operated by UAW plant workers when GM and Toyota built vehicles there, Tesla says none of its 2,964 employees are in a union.
Tesla has a 15,000-strong waiting list, but the company is still pushing forward without having yet broken into profitability. We should know what the all-electric automaker’s prospects are like for the long run when it announces its updated financials later this year.