# Explaining Tesla's Model X Delay

NEW YORK (TheStreet) -- The **Tesla**

First of all, what is the Tesla Model X? It is Tesla's minivan version of the current Model S, which entered production around the middle of 2012. It makes for a much more spacious interior, and it adds four wheel drive for optimal Winter performance.

It has been my opinion since inception that the Model X is a guaranteed success. Almost everyone I know want some sort of plug-in minivan, as opposed these smaller or otherwise low-slung cars that's been the norm for plug-in electrics to date.

So why has it been delayed?

Let's first establish the history: The Model X prototype was unveiled in February 2012, and you were able to place a deposit immediately. At the introduction, Tesla said deliveries would begin in December 2013 and significant volume production would happen in early 2014.

Thousands of people put down refundable deposits of $40,000 (the first 1,000 units) or $5,000 (subsequent units), expecting to get the Model X in late 2013 or early 2014. Some estimates now have that list approaching 10,000 deposits. That would imply $85 million in total deposits for the Model X (1,000 multiplied by $40,000, plus 9,000 multiplied by $5,000).

At some point around the first half of 2013, Tesla said that the Model X had been delayed by one year: initial deliveries in late 2014; volumes in early 2015.

That's roughly where the official Tesla line continues to be today. Tesla maintains it will ship the Model X in late 2014, with the car ramping production in the second quarter of 2015 (sounds like a one-quarter slippage from early 2015).