Tesla Has Reportedly Started Delivering Model X Signature Series Vehicles

Trip Chowdhry of Global Equities Research stated in an e-mail to customers that Tesla Motors Inc TSLA has begun delivering its new Model X Signature SUV to customers. Chowdhry noted that Tesla is also ramping up production of the Model X Signature SUV as production levels have reached more than 100 vehicles per week. The analyst added that the Model X's seats are "remarkably improved" when compared to the Model S sedan. Chowdhry also pointed out that Tesla began manufacturing its seats in-house after firing its seat supplier, Futuris. Shares of Tesla were trading at $233.69 at 11:00 AM ET, up 1.40 percent on the day.