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Tesla’s CEO hints to European plant

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Tesla’s CEO hints to European plant

According to billionaire entrepreneur and co-founder of Tesla Motors, Elon Musk, the company he directs as CEO would start building a factory in Europe after the region’s sales reach 160,000 units.

While today the company only has a model in its portfolio – the luxurious Model S – and has a long way to reach the desired numbers, it would make sense to seek such an ambitious target (for an electric-only carmaker) once the company finally introduces its Model X crossover SUV and the fabled affordable sedan.

“My aspirations for Europe are that we sell a comparable number of cars in Europe as the US,” said Musk.

On the other hand, the CEO did envision more to the point plans that would see completion in the near future – the UK has been chosen as the place for a new European research and development center that would see the light in 2015 or 2016, while the already owned final assembly facility in Tilburg, in the Netherlands – which refits batteries on cars sent from the US – would be expanded.

Just to have a good understanding of Tesla’s (maybe) far fetched ambitions, we can note that according to figures from market researcher JATO Dynamics, Tesla sold in the January to April period 3,467 Model S units in all of Europe and just 2,050 in the US home market.

Via Automotive News Europe

by Aurel Niculescu (my Google+) - Friday, June 13th, 2014 - filed under Industry, News, Tesla. Image credit: .
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