CEO Elon Musk believes that the enterprise sales would be doubled soon.
The CEO of Tesla Motors, Elon Musk, is expecting much from the organization’s Model X. He has stated that the crossover would increase its sales volume by 100%, as reported by Tesla news. The electric powered automobile was exhibited at the Detroit auto show in 2013.
Tesla believes that the deliveries of the new vehicle would help it sell 55,000 units this year that would let the enterprise’s sales grow by half. The newly designed SUV would be launched in the latter part of this year. More than 20,000 pre orders have been placed for purchase of the vehicle.
Tesla news today informed that Credit Suisse’s automobile expert, Dan Galves, has claimed that the automaker would sell roughly 7000 Mode X vehicles this year. The growth in the supply of the vehicle would not increase at a faster pace because it would not reach the full production level until 2016. This can be compared with the rate at which the Model S has grown. In 2014, the company sold 32,000 Model S cars to customers. It is probable that the number is expected to grow to 48,000.
Tesla motors news disclosed that the company also hopes to benefit from the potential of its Model 3, as it believes that the combination of the three models would permit it to sell 500,000 cars annually by 2020. Commercial sources exclaimed that Model 3 would be launched in a number of forms, including crossover and sedan.
The carmaker intends to introduce the Model 3 concept in 2016 and start its production by 2017.The newly designed SUV is quite significant for the Californian electric vehicle manufacturer, as it has the potential to help finance the development of the South African born entrepreneur’s battery manufacturing plant in Nevada and its planned affordable vehicle. It is probable that the CEO’s statement regarding sales growth would send a threatening message to its competitors, such as General Motors.
GM has recently revealed that it would sell its electric vehicle, Chevrolet Bolt, at a price lower than the cars manufactured by Tesla, indicates press sources. The stock market has not welcomed Mr. Musk’s claim, as the value of the company stock has decreased. If the vehicle pioneer achieves its growth related objective, then it would continue to dominate the automobile industry.
Tesla’s management needs to take steps to speed up the process of manufacturing the SUV and promote it in the best possible manner to expand its market share in the highly competitive world.
Elon Musk faced issues and challenges in the past. However, he holds a confident stance for the future endeavors. His trust in the introduced SUV proves a promising attitude. Now, it is yet to be determined that where the sales would lead the company.
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