Curiously, there is almost no competition yet in this SUV or minivan segment for electrified cars. There are some half-hearted attempts, and some arguably equally half-hearted attempts hitting the U.S. market in the next 12 months, but nothing quite like the size of the modified 2015 Tesla Model X.
I will make a prediction right now: Before 2015 is over, there will be a movement in Texas to make the Tesla Model X a popular alternative to the Chevy Suburban and Dodge Caravan -- NRA bumper stickers and gun racks included.
Given that automotive development cycles now last about four years, the ball is immediately in GM's court: When will there be a Chevrolet Suburban with a beefed-up version of the Chevrolet Volt powertrain? And for Chrysler-Fiat, when will be there be an electric Dodge Caravan? Will Ford (F) make an electric F-150?
GM, Ford, Chrysler and all the others are appropriately secretive. What do they have up their sleeves that can counter Tesla's 2015 attack on the large SUV and minivan markets?Stay tuned for another important update. At the time of publication, the author was long F. Follow @antonwahlman This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts