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Elon confirmed start of X production at the end of 2013 during Q&A session when Q2 '12 financial results were announced. Two quarters later, basically half a year later clearly a year delay was announced, now in shareholders latter...
So it is very natural for people to try to figure out why such sudden change of plans... And how it will affect financial performance of TM, time of introduction of BluGenIII etc...
So the Model X delivery has slipped twice as fast as real time (4 quarters in 2 quarters). I was always concerned with software development projects that slipped in real time - this is much worse.
I can think of 3 reasons for this slip:
1. The stated one - Tesla is concerned about profitabiity and wants to delay the expense of ramping up headcount to put the Model X in production along side the Model S.
2. Tesla is concerned about cash flow and wants to delay spending the cash necessary for production tooling of the Model X and building a parallel assembly line.
3. There are some engineering issues with the Model X and it would not be ready to go into production at the end of 2013 as confirmed 6 months ago.
The delay is likely a result of one or all of the above reasons.
Just a thought. Perhaps the slip has to do with one of these three reasons :
1. they anticipate demand for the Model S will push the factory to near maximum capacity.
2. New Battery Technology coming.
3. Supply constrained.
As was I. I would hope they have a slightly larger pack available to bump the range to at least keep it equal to the S. I'm assuming, of course, that the X will have a harder time with range due to it being larger (aerodynamic and weight effects).I was thinking in the lines of your 2nd point above; the slip in time of delivery makes it (more) possible to come up with even higher capacity battery pack, which I would salute.
2015 for Norway delivery suits me fine. I'm down on a Sig reservation. In the mean time I'll wait for and drive my Model S
“I almost have trouble calling this a delay in Model X, because that makes it sound like we’ve run into problems with Model X, and it’s taking longer than we thought, and it’s out of our control,” Ms. Hendricks wrote. “When, really, we’re consciously pushing back timing to allow ourselves to focus on its production and product enhancements in Model S.”
When Elon determines it is most appropriate to squeeze the shorts a little more. We should again expect a lot of drip-drip-drip to keep Tesla in the news (aka free advertisement).Would anyone care to venture a guess as to when we should expect to see firmer specification / option / pricing information for the X? Assuming initial deliveries in late 2014 as stated, when do you think we'll see an X design studio, etc? I wasn't paying close enough attention during the lead-up to the Roadster and S to have a very educated guess.
With the pushback, I don't expect to see anything significant until mid to late spring of next year, with some real firm goodness in the summer of that same year.