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Tesla Motors Inc (NASDAQ:TSLA) Keeps Orders Coming From Europe

Boston, MA 11/19/2013 (wallstreetpr) – Production-constrained Tesla Motors Inc (NASDAQ:TSLA) keeps orders for Model S coming from Europe. The company seeks to boost its car deliveries in the region and it’s already making remarkable efforts which are paying off. TSLA Europe operations are headquartered in Netherlands. The company is in spirited efforts to get its flagship Model S sedan the mainstream car in Europe and many other global markets. The response to Model S in North America so far is encouraging and orders continue to grow, only that TSLA’s capacity to meet the delivery scheduled is strained by low production due to battery shortage.

In Europe, orders have been growing since the year and are expected to grow even higher in the coming quarters and fiscal years. Tesla Motors Inc (NASDAQ:TSLA)’s latest stop in EU is U.K. where it inaugurated a state-of-the-arts showroom cum dealer-shop in London amid pop and color. The company is touting its green machines for a healthy environment, and as it seems, this campaign is gaining currency very fast, leading to big orders coming from Europe and beyond. China is part of TSLA’s game plan in expanding its sales boundaries and revenue collection outside of the U.S. where its sales are still the highest.

In order to get into the heart of the European drivers, Tesla Motors Inc (NASDAQ:TSLA) has been able to lower the cost of its entry-level Model S in Europe. The electric carmaker is offering the 60 kWh-battery and 85 kWh-battery Model S sedan in Europe. By next year, the company hopes to have made considerable inroads into the European auto market with its green cars. Already, Europe is getting increased Supercharger coverage to ensure that Model S drivers have the best experience on the road.

In Europe, Model S is attractive hefty government incentives and this is good for increasing uptake of the car. Meeting the demand of drivers seeking right-hand drive cars is something that Tesla Motors Inc (NASDAQ:TSLA) needs to embark on so that it boost its sales in the region.

Published by Ruchi Gupta

Swati Goyal has over 6 years of experience in financial research & analysis domain. She has built financial models varying from consumer goods to banks. She has her articles published in leading dailies of the nation

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