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| Tesla on Track Despite Model X Dela |
| Tesla on Track Despite Model X Delays: Elon Musk
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| UNITED STATES OF AMERICA
, 14-January-2015
5:46:11 AM |
| Tesla founder Elon Musk said Tuesday the luxury electric car manufacturer Tesla is on track despite sales problems in China and the delay to the eagerly-awaited Model X crossover.
The Silicon Valley inventor and carmaker said the company would release the gull-winged Model X in the early second half of this year and is aiming to produce half a million electric cars by 2020, up from more than 30,000 in 2014.
But he added the prospect of low fuel prices in the coming years due to oil and gas reserves tapped by fracking threatens the electric car industry.
"The need for sustainable transport is incredibly high, even in the face of massively declining oil prices," he said in a rare public appearance at the auto show in Detroit, the hub of the US car industry.
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"It becomes more urgent that automakers transition to electric and put a huge amount of effort behind electric vehicle programs."
Musk, who made his fortune building the online payments company PayPal and has been regarded with suspicion and even derision in Detroit, would not give numbers on sales last year of the $80,000-$100,000 Model S.
In early 2014, the company put the sales target at 35,000 units, but later cut that back to 33,000, and some analysts doubt it reached that goal.
But he insisted that US sales went as planned, numbers in Europe were better than expected, and that mainly China was a disappointment
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