Even This Ardent Tesla Bull Had Model X Sticker Shock
The new Tesla (TSLA) Model X is an “impressive proof of concept for design, performance and utility,” says Morgan Stanley analyst Adam Jonas, but the electric car is pricier than expected, prompting him to trim his Model X delivery forecast. The car — a crossover SUV with falcon-wing doors — met the firm’s expectations, he wrote, but the Model X’s price of $120,000-$130,000 suggests an average transaction price (ATP) that’s as much as $25,000