Watch Out, Europe: Tesla Is Coming For You


When it comes to Elon Musk’s ambition, there are no boundaries — or at least borders.

Tesla announced a major European growth on Tuesday at the Geneva Motor Display. The company will open much more than thirty new support centers and stores across the country, as nicely as carry on to increase its ne2rk of automobile charging stations.

“By the finish of this 12 months, we count on you will be able to travel almost anywhere in Europe using only Superchargers,” founder and CEO Musk stated in a statement.

Tesla is producing overseas growth a priority — the organization delivered over 22,000 automobiles globally last 12 months, and expects mixed revenue in Europe and Asia to be practically twice as large as North American product sales in 2014. Component of that growth, Tesla projects, will come from the new correct-hand drive versions of the Model S to be introduced soon in the United kingdom.

Tesla’s European growth comes straight on the heels of the business raising new capital for their considerably-hyped “Gigafactory” for producing electrical batteries and its up coming generation (“Gen III”) mass market place cars.

Tesla stock is trading fundamentally flat on the day at $ 254.50 at 11:54am.

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