The title may sound as if Tesla is again into some financial troubles and hence they have delayed the launch of their Model X. But the fact is otherwise.
Infact Tesla has started making profits because of the success of Model S and so the company decided to pre-pay the loan to US Energy Department. The company has decided to make payment of $465 million five years before due date.
The company decided to clear their debts and also look towards expansion plans before launching the Model X. This means that the car is mostly expected to arrive only in 2014.
The car features dual motor all wheel drive with an option of batteries to choose from. The car will accelerate to 60 miles in just 4.4 seconds. The car would also feature large 17 inch in-dash display which will include driver controls, various apps, web connectivity and charging facility as well.
Have a look at picture gallery, and stay tuned with speedlux.
