The auto making company has many plans lined up for the upcoming quarters in which the launch of Model X car and Gigafactory has gone to take place.
In the most recent quarterly report announcement, Tesla Motors was seen to discuss quite a lot of plans for the coming quarters that the firm is looking forward to carrying out. These plans are deemed to be quite important for the company’s performance, as it will determine where and how the firm is headed forward.
The automakers are looking forward for plans such as the launch of the Model X car that is expected to launch in a few months along with the battery making business that the firm has only recently announced to step into. The Gigafactory, which is being established for the purpose of manufacturing batteries for cars as well as home based usage, is in the process of being launched too.
The Model X car, which is the first electric sports utility car that Tesla (TSLA) is currently working on is almost ready for orders and Elon Musk, the CEO of the smart car making firm, expects the customers to be able to place an order for their Model X Cars by July.
However, the electric car will actually be made available in September of the current year when the deliveries will be taking pace. The CEO of the auto making firm has previously been positive about this new venture of his company in the form of the sports car that is to launch soon and he still seems to be quite excited about it. According to him, this sports vehicle is going to prove as a great car in the SUV industry.
As for the Gigafactory that is being worked upon by Tesla, this other venture of the auto giants is to bring about a huge change in the way things are done in the firm. The battery making plant is expected to produce lithium-ion batteries in a massive number, so much as to break all the records of production in the past years. As per the initial plans of the company regarding the launch of the actual battery cell, it was decided that the first cell will be introduced to the industry in 2017.
However, the hybrid car makers have decided to speed up the process as the management mentioned in the earnings call recently made that now the first battery cell will be launched in 2016, one year before.
On the other hand, the demand for the Model S cars has been constantly increasing as discussed by Elon Musk in the earnings call. Tesla is now looking towards selling around 55,000 Model S and Model X cars by the end of the current quarter.
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