Happening now: Tesla unveils their Model X electric SUV

Another great step forward in automotive evolution, Tesla's first new vehicle in three years, the Model X, is an hour away from being released into the world. The Model X has been in the works for many years now and challenged by various delays. It is said that pre-orders are backed up into next year. The first few dozen models, called Signature Edition are already spoken for and cost upwards of US $130,000 a piece.

The Model X will have three rows of seating and lots of space, which sounds like your garden variety SUV. But being a Tesla, it does have some tricks up its sleeve. It has 'Falcon Wing doors" which are giant gullwing doors that swing upwards. Tesla Model X will have a minimum 250 miles of range with a 90kWh battery pack. Acceleration and performance is also off the charts with 0-60 mph expected at around 3.2 seconds (on the Ludicrous speed setting) which is supercar territory and a bit insane for a family car.

Tesla's pushing out a livestream of the event right now and it is running late.