Robert W. Baird Analyst Ben Kallo says Tesla Motors Inc (TSLA) is expected to unveil its Model X in the final production format in September or October. Kallo expects the release to be a catalyst for Tesla’s stock.
“We’ll start getting reviews around the car, which after couple of delays we expect that Tesla has made significant improvements to the vehicle, and we expect the car to receive, from what we can tell now, similar type of reviews to what the Model S did when they came out, which sets up nicely for lots of positive headlines in the news and gets people thinking that the Tesla is not just a one-trick pony, and we’ll start seeing customer delivery sometime next year, probably early Q2,” Kallo said.
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In general, Kallo says demand this year has shaped up better than he expected for Tesla. He says 2014 demand has outstripped supply, and the company plans to bring on additional capacity to meet demand for the Model S next year. He says he expects demand for the Model X to be at least as strong.
“Reservations for the Model X have accelerated faster than they did originally for the Model S, which shows the power of Tesla brand,” Kallo says.
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