The Model X Unveiling Feb 9th

Elon Musk is quoted in a december interview for gigaom saying that he thinks the Model X "will be well received". Tesla raised millions in funds for the development of this new vehicle last year in a secondary stock offering, gives the impression they are making a serious push for this vehicle.

The Tesla Model X prototype is scheduled to be announced on Feb 9th which happens to coincide with the Chicago Auto Show. Im not sure if there is a connection at this time. Tesla expects to deliver the Model X to its customers in late 2013 and produce up to 15,000 units in 2014.

Tesla claims the Model X will seat 7, and be roomier than an Audi Q7 and faster than a Porsche 911.

Electric Vehicle News has brought up the question as to whether Tesla will be basing the Model X design on the concept Lotus APX design. Personally I could see how Tesla (who collaborates with Lotus) could have drawn some inspiration from the Model X, but we'll soon see when it is debuted.

I have watched interviews of Tesla design chief Franz Von Holzhausen, and have come to have a lot of respect for this designer. He has designed some of the following vehicles prior to Tesla:

The 2006 Mazda Kabura:

The Pontiac Solstice:

The Saturn Sky

So I am pretty optimistic that Von Holzhausen can dream up an amazing crossover, and when it comes to the new Roadster I'm sure that will be revolutionary given that all these cars above are Roadster type vehicles. I am excited to see what Von Holzhausen will bring us in the coming Model X.

This seems very aggressive for Tesla to produce a new vehicle the year after the launch of the Model S; however this is really exciting and could have the opportunity to piggy back on the success and buzz of the Model S. If people are satisfied with the Model S, then I think a lot of these people will consider buying an SUV/Crossover version, namely the Model X, in the years following the Model S launch. It is important to note that by this time the Toyota Electric Rav4 will have been launched and in production.

Here is an awesome rumors website I have found for Tesla:

http://teslarumors.com/Welcome.html

Why now is the perfect time to buy TSLA

With the recent downgrade by Morgan Stanley of a target price for TSLA to $44/share from $70/share. Now could be the perfect time to buy more of Tesla stock since the share price has fallen from a high of $34+ to now around $29.

Enthusiasm in the broader electric car market has been stalled by general uncertainty over adoption which recently has been augmented by the debacle with the GM volt batteries. Nissan has a successful product and Ford and Toyota are following closely behind. However what people may be missing when looking at Tesla now is the lag between the end of the current Roadster and the beginning of the Model S. Musk has repeatedly talked that the company won't see a profit until after the model S launch and right now we are in that special period where there isn't much news coming out and its just anticipation and waiting for Tesla to fulfill its expectations. The bar is set fairly low with other mass market EV's currently so if the model S is even halfway decent, and maintains with a 300 mile range, then TSLA stock price has a serious hill to climb.

In fact there should be uncertainty in the broader EV car market because so far there simply isn't an EV car out there that is very compelling to buy.

Tesla looks to be coming out with a very compelling electric car and it's first year production is already sold out. The recent downgraded seems to be mainly because of lack of confidence in the broader EV market (which is a valid point) however I personally would not downgrade tesla, since it has been the catalyst for rekindling the EV market and will continue to be the catalyst for the EV market in the future. It is building itself to be the Best of Breed when it comes to EV's, so I see this dip in the stock as a buying opportunity.

My Prediction: [tesla will continue to drop in share price till the announcement in late december of the model X design/ prototype, then TSLA price will go up maybe even to new highs, then the hype will be lost and TSLA share price will drop until reviews of the model S come out after the first vehicles are delivered approximately next summer]

Any thoughts on that prediction? or Any of your own predictions from TSLA fans out there?