The release of the vehicle has been subjected to numerous delays in the past and any further delay would be a disappointment, especially considering that there is now a huge number of the Tesla Model X on pre-order as of August.
While there are still skepticisms on the September launch of the Model X, Tesla has confirmed the release date in a letter to its shareholders. The company is reportedly ensuring that preparations for the release of the Model X are fastidious. Apparently, the company has been taking an attitude of perfectionism towards the release of its fully electric CUV.
Ben Kallo, a financial analyst for Baird, projects that the Tesla Model X will be an outstanding success for the electric carmaker.
Tesla stock is currently trading at just under $250 per share, but Kallo believes that it will go up in the future to as high as $335 per share.
The analyst stated that Tesla’s long-term growth remained intact and suggested that buying the stock ahead of the release of the Model X would be a sound investment strategy. The Tesla Model X is expected to perform strongly especially that the company has confirmed that the initial Model X deliveries are on track for the results expected by the company.