Tesla X is being more than fashionably late, since the first prototype was unveiled over three years ago already and was initially scheduled to go into production in 2013, planning to produce between 10,000 and 15,000 electric crossovers per year. After that the company postponed the production of Model X several times, supposedly due to a series of technical issues surrounding the much talked about falcon-winged doors that hinge upwards on the car's roof.

Musk also said that "Model X may arguably be a better SUV than a Model S is a sedan." He added that he's already personally testing Tesla's "autopilot" technology every week and promised the autopilot software should be released soon.

Tesla Motors and its partners already invested significant amounts of funds into the Tesla X production, while Musk was also able to atract large state incentives to build Tesla's own massive battery plant in the Nevada desert near Reno.

Tesla also made its way into households and various companies by offering them independent power supply via Powerwall, a rechargeable lithium-ion battery designed to store energy at a residential level. The unit mounts seamlessly on a wall and is integrated with the local grid to harness excess power and give customers the flexibility to draw energy from their own reserve.