updated - November 30, 2021 Tuesday EST
It won't hit showrooms until later this year but Tesla CEO Elon Musk already has high hopes for the Tesla Model X SUV.
"With the Model X, there's a potential to double Tesla's volume because the demand for SUVs and sedans is about equal. That would suggest that if the Model X is well received, it would be a doubling of Tesla's volume," Musk told CNBC.
Asked for any updates about the zero-emission vehicle, the 44-year-old CEO didn't share any saying "everything is pretty much the same" since the EV maker's shareholder conference. Musk did say that the Tesla Model X SUV is expected to ship "by the end of summer," according to ValueWalk.
"The electric car manufacturer aims to sell as much as 55,000 vehicles this year. The company is depending on the Model X to achieve its target sales volume."
First seen in 2012, the Model X is about to get a rival from German automaker BMW.
"Plans to build a BMW electric SUV at the company's plant in Spartanburg, South Carolina, are awaiting board approval," German business magazine Wirtschaftswoche said via Green Car Reports.
Harald Krueger, BMW CEO, is reportedly "keen to add an electric SUV" in their lineup to rival the Model X, according to unnamed sources.
However, the Tesla Model X SUV already has a confirmed German rival in the form of the Audi Q6 e-Tron - confirmed for 2018 and will debut at Frankfurt next year.
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