Tesla SUV Could Outshine The Model S – Morgan Stanley
Tesla Motors Inc achieved a big hit with its Model S saloon, but according to investment bank Morgan Stanley, its next model, an SUV, will do even better.
Tesla has achieved much with the four-door $70,000 plus Model S, sweeping up awards and generally wowing the motoring press. Tesla built 8,763 Model S cars in the second quarter, and expects to deliver about 35,000 this year.
Tesla expects to build more than 60,000 vehicles in 2015. The next vehicle on the launch pad is the Model X, and, according to Morgan Stanley’s Adam Jonas, this will feast on the premium SUV market.
“Despite the success of the Model S, we think Model X has the potential to be far more successful and a much better value. Some in the market have described Tesla as a ‘one hit wonder’ with the Model S. We expect the
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