When An Analyst Gets It Right: Tesla Model X Delayed Until Fall 2015
Props go out to Adam Jonas of Morgan Stanley for getting it right.
Back in mid-October, well prior to Tesla’s Q3 earnings call, Jonas put out a note that USA Today summarized as follows:
An influential analyst is warning of a “reasonable risk” that Tesla will again push back the expected delivery date of its Model X electric luxury crossover. Now, he hints, deliveries might not start until the fall of next year.
Adam Jonas of Morgan Stanley told investors in a note that the “slight delay” until the third quarter will help ensure quality and performance in the initial units.
As it turns out, Jonas was spot on, which makes us wonder if he has some insider info.
In the note, Jonas stated that his position on the Model X being delayed wasn’t shared by Tesla at the time. Back then, the automaker insisted that the Model X would not be delayed yet again. Well, when Tesla’s Q3 conference call concluded, the world learned that the Model X was to be pushed back at least one more time.
Despite the delay, Jonas remains extremely optimistic that the Model nX will be a hit:
“We expect the Model X to go dynamite fishing in the global premium SUV segment. While the entry price could be 5% to 10% above the entry-level (listed manufacturer’s price) of today’s Model S, we expect the Model X to be loaded with far higher levels of standard equipment, particularly in areas of comfort, safety and drivetrain.”
Source: USA Today