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Tesla Motors Launches Tesla Model X Electric SUV

At an event outside its Fremont, California factory later today, Tesla will at long last deliver its first batch of production Model X crossovers to early pre-order customers.

Tesla Motors Inc. Chief Executive Elon Musk has only one regret about the Model X sport utility: The company may have gone a little overboard with pushing the engineering on the electric vehicle, he said at an event Tuesday.

Mr. Elon Musk delivered six Model X sport-utility vehicles to a select group of early investors and board members in front of thousands of Tesla customers and fans late Tuesday evening. He spoke to reporters before the event.

Some of Tesla’s customers have been waiting for more than three years, having put down $40,000 to be among the “signature” group that gets the vehicles first. These customers ordered fully loaded vehicles that cost $132,000. There is another, higher-tier version—the “ludicrous” edition of the Model X—that goes from zero to 60 mph in 3.2 seconds. It will cost $142,000.

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