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Tesla Motors Inc (NASDAQ:TSLA) All Geared Up To Compete In Germany With Its Model S

Boston, MA 10/24/2013 (wallstreetpr) – Germany is all about speed and Tesla Motors Inc (NASDAQ:TSLA) is now all geared up to offer a special tune-up in its Model S to country’s speed lovers. The tuned-up model is ready to leave BMWs, Porsches and Audis behind in the speed race.

The electric car manufacturer has already received several rave reviews for its Model S high speed, quality, performance and attractive looks and the CEO of the company, Mr. Elon Musk wants to take advantage of it and launch its tuned-up model in high-speed Germany. However, these qualities won’t be adequate for the speed aficionados but Tesla is striving hard to enter into Europe’s third largest automobile market with 130 mph model S speed.

At a press conference in Munich, Germany, Mr. Musk said that Tesla will definitely offer high speed tuning for its cars, but he didn’t intricate on some matters like speed range of the cars and the time to update the models. Mr. Musk also publicized an investment made by the company to install superchargers in the cars all across Germany. According to his anticipation, by the end of March 2014, superchargers would be installed in half of the Germany and by the end of 2014, entire country would be covered and the users will get access to these plug-in sites. He is planning to install 40 to 50 superchargers in total, spaced 125 miles apart. These powerful superchargers will have 135 KW capacities, up from 120 KW capacity of the U.S.

Apart from this supercharge network, Tesla is also preparing to endow in service centers that will cover almost 80% of Germany within 62 miles range by the end of 2014 but the company is yet to provide further details about its new plan.

Published by Steve Hackney

Steve Hackney is a corporate finance professional with over 14 years of experience in cash management and investing. He earned a Bachelor of Science in Finance from Florida State University and holds a Certified Treasury Professional certification. Steve lives in Orlando, Florida with his family.

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