Market News

 March 22, 2012
Electric Luxury SUV that Accelerates to 60 MPH in 4.4 Seconds. Meet the Model X.

 Tesla Motors introduced the Model X electric SUV in February (to many eagerly waiting customers), and it's clear now that the Model X offers some unusual options. How about the option to buy two motors (one in the front, and one in the back) instead of just one, so you can easily get out of slippery situations?

This SUV seats seven and is built on the same platform as the Model S, which is a luxury car that also seats seven people, and is actually slower than the Model X. Electric vehicle technology keeps evolving!

A distinctive aesthetic feature of this vehicle is its gull-wing doors, and, of course, the fact that it is a fast electric SUV.

Tesla, an all-electric vehicle company, first introduced its Roadster sports car (which accelerated from zero to sixty miles per hour in only 3.9 seconds), and it successfully changed many peoples' perception of electric cars in the process, especially the impression that they are underpowered.

There are a plethora of different types of lithium-ion battery technologies that electric vehicles can use to achieve great performance, but they are currently rather expensive. Tesla Motors has skirted using ultra expensive technology, while offering a highly desired set of vehicles through its great innovation. The Tesla X tops out at $100,000 and the cheapest version of the vehicle is supposed to be $60,000, less than many super cars.

Do you think the secret behind this vehicle's performance is newer battery technology? Or just very aggressive overall improvement?

Tesla Motors' EV competition from major automakers has been growing, as they introduce their own electric cars. Tesla used to be one of very few electric car manufacturers. Now, Ford, Chevy, Nissan, and other manufacturers are getting into the game. Do you think Tesla can keep going strong and survive this?