Skip to main content

Market Overview

Elon Musk Loves This Model X Variant So Much That It Is The Only One He Wants To Offer

Share:
Elon Musk Loves This Model X Variant So Much That It Is The Only One He Wants To Offer

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said on Sunday the electric-vehicle maker’s midsize crossover Model X’s six-seat configuration is the best option among the three seating offerings that are currently on sale.

What Happened: The billionaire entrepreneur said that at times he wants to offer only the six-seater variant to customers.

Model X currently offers five-, six-, and seven-seat configuration options for buyers. The Model X Plaid is, however, available only in the six-seat configuration. All options have an estimated delivery timeline of January next year.

The Model X entry-level, dual motor and all-drive variant is currently sold at $108,940. The six and the seven-seater variants cost $6,500 and $3,500 more, respectively. 

See Also: Elon Musk Says Tesla 'Dropped The Ball' With This Decision In 2020

Why It Matters: Tesla’s Model S and X vehicles are the company's most expensive, flagship vehicles. 

The EV maker had in December 2020 stopped production of the Model S and Model X electric cars for updates but continued accepting new orders. Musk in February said pausing Model X production over a year ago was a mistake and an "idiotic" thing to do.

The Austin, Texas-based EV maker delivered 24,964 S and X models in 2021. Tesla does not break down individual model delivery numbers.

In comparison, deliveries of Tesla’s best-selling models — Model 3 and Model Y — reached a record high of 911,208 units last year.

Price Action: Tesla stock closed 3.8% higher at $905.4 a share on Friday.

Photo courtesy: Tesla

 

Related Articles (TSLA)

View Comments and Join the Discussion!

Posted-In: electric vehicles Elon Musk EVs Model 3 Model SNews Retail Sales Tech Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com