Watershed moment: Tesla Motors' Model X electric sports-utility vehicle marks a milestone for the loss-making Silicon Valley automaker and a direct challenge to high-end German rivals such as Volkswagen's Audi and Porsche, BMW and Daimler's Mercedes-Benz.
FREMONT, California: Telsa Motors delivered the first of its long-awaited Model X electric sports-utility vehicles on Sept 29, a product investors are counting on to make the pioneering company profitable after years of losses.
The launch of the Model X represents a milestone for the loss-making Silicon Valley automaker during a period of high spending and modest growth, because it can now boast a second model in production beyond its Model S sedan, launched in 2012.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
