Tesla Model X prototype to debut by end of 2011

Tesla Model S

Tesla Motors has been talking about the electric Model X crossover for some time. Most recently, it has been reported that Tesla is hoping to launch a secondary stock offering of 5.3 million shares to raise additional funds to develop its electric Model X.

In a filing last week with the U.S. Securities and Exchange Commission, Tesla said that the Model X prototype will debut by the end of the year.

Tesla is “designing the Model X to incorporate the functionality of a minivan with the consumer appeal of a sports-utility vehicle,” the filing said. Tesla said that the electric powertrain for the Tesla Roadster “has provided the foundational technology for the Model S, the Model X and for electric powertrain components that Tesla has begun selling to Daimler and its affiliates that it intends to sell to Toyota.”

Click here for more news on the Tesla Model X.

The Tesla Roadster itself will be ending production in December.

The production version of Tesla’s Model X crossover will hit markets in 2014, about two years after the mid-2012 launch of the Model S electric sedan. The Tesla Model X will use a similar powertrain found in the Model S.

– By: Omar Rana

Source: Inside Line