Please ensure Javascript is enabled for purposes of website accessibility

Elon Musk Quotes to Ponder Ahead of Model X Launch

By Daniel Sparks - Sep 28, 2015 at 11:10AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Going into Tesla's Tuesday announcement of Model X, the vehicle is still shrouded in mystery.

Electric-car maker Tesla Motors (TSLA 7.33%) will finally unveil the production version of its Model X SUV on Tuesday. Up until this point, the company has kept many details about the vehicle on lockdown. Can Tesla live up to high expectations when it finally shows off the vehicle Tuesday night?

Invitation to Model X event. Image source: Tesla Motors.

Ahead of the launch of Tesla's Model X, here are a few quotes from Tesla CEO Elon Musk about the new vehicle for investors to ponder.

Second row seats
Musk has made it very clear that there is something special about the second row seats.

"They are the nicest second-row seats you've ever seen in any car ever," he said during the 2014 fourth-quarter earnings call. They are "a piece of sculptural beauty," he continued.

But Musk also said during the Q4 call the seats have been difficult to get right: "That actually might have been harder than the [falcon wing] door."

This sentiment about how problematic the seats have been continued even into the company's most recent quarterly earnings call.

"[O]ur biggest challenges are with the second row seat, which is, it's an amazing seat, like a sculptural work of art, but a very tricky thing to get right," Musk said during Tesla's second-quarter earnings call.

Was Tesla able to accomplish its vision for the second row without making any compromises?

What else is there to Model X?
One mysterious reference to Model X came during the company's 2014 fourth-quarter earnings call when Musk said there are "other things about the X that people don't know about yet." What was Musk referring to? The CEO went on to say later during the call that these other features are the reason the company planned to keep the vehicle shrouded in mystery until it began deliveries.

Model X prototype. Image source: Tesla Motors.

One new, formidable feature to surface in recent weeks that Tesla hasn't talked about is a seamless piece of glass all the way from the bottom to the windshield to the top edges of where the falcon wing doors begin (which are the rear doors that provide entry to the second-and third-row seats). The feature was shown in photos from the Model X configurator for Signature reservation holders. But are there more unique features Tesla hasn't talked about yet?

And its also worth noting that while its clear Tesla plans for its second-row seats to be special, the specific features that actually make them special are still unclear -- so the seats are probably one of these "other things" as well.

How well will Model X sell?
The biggest question for investors regarding Model X is how many of these vehicles Tesla will be able to sell. Tesla entered 2015 with over 20,000 reservations for Model X. After the X is unveiled, will customers keep their refundable reservations? Even more, will reservations for Model X ramp up?

Tesla plans to deliver its first Model X units during the event. Going forward, Musk has said on several occasions he hopes Model X sales will rival or even surpass Model S sales. But it's going to take time for Tesla to ramp production to meaningful levels. During the company's most recent earnings call, Musk indicated Q4 Tesla is uncertain about its ability to ramp production during the quarter, though he also said he expected production to pick up considerably during Q1.

Tesla's Model X event begins at 7:00 PM PST on Tuesday, September 29. Tesla has confirmed with The Motley Fool there will be a live stream of the event on its website

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Tesla, Inc. Stock Quote
Tesla, Inc.
TSLA
$759.63 (7.33%) $51.90

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
356%
 
S&P 500 Returns
124%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/28/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.