The Model X launch was two years later than scheduled. However, he said the emissions crisis could be a “profoundly important moment” in the automotive industry and encourage electric carmakers to step up their investment in research and development.ĭiesel cars face tighter regulations and greater taxation, Bailey added, and the mayors of leading cities could restrict their movement in favour of low-carbon vehicles. In the UK, just 15,869 ultra low-emission vehicles were registered in 2014, although this was a 264% increase on the previous year.ĭavid Bailey, professor of industry at Aston Business School in the Midlands, said electric cars remain a luxury product at present due to their cost. The car is the latest step in Musk’s plan to transform the automotive industry, and he has his eyes on developing fully autonomous cars within the next three years.īut Tesla, which was founded in 2003, is yet to make a profit and delivered just 31,655 cars in its last financial year. “There’s far more there than is really necessary to sell the car.” “I’m not sure anyone should make this car,” Musk said at the launch.

Tesla Motors CEO Elon Musk introduces the Model X.

X wing top view