Tesla CEO Elon Musk unveiled the company’s highly-anticipated Model X on Tuesday, and Global Equities Research was part of the 5,000-member audience at the event. In a new note, the firm updated its outlook for Tesla following the unveiling and outlined what investors can expect from the Model X down the road.

About The Model X

The Model X is somewhat of an SUV crossover, defined by its power and stylish, futuristic falcon-wing doors. It has seven seats, but can accelerate to 60 mph as quickly as a Porsche 911.

“The Model X is going to be a phenomenal car,” Musk said. With a reported price tag upwards of $132,000 for the P90D Signature and $142,000 for the P90D Founder editions, the Model X has a lot to live up to.

‘Technology Masterpiece’

Global Equities Research was…

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