Tesla Motors Inc (TSLA) Wants To Hit 10,000 Cars In Germany Per Year

Posted Oct 26, 2013

Tesla Motors Inc (NASDAQ:TSLA) wants to hit 10,000 cars per year sold in Germany by 2015 as they ramp up the number of charging stations in the country said chief executive officer Elon Musk.

“I have confidence in the German consumer,” stated Tesla Motors chief executive officer Elon Musk in a quote when being interviewed with Welt am Sonntag.  “Our fast charging stations should cover around half of Germany by the end of March 2014 and the entire country by the end of 2014.”

Musk said that he expects 25 Tesla dealerships to be in Germany by the end of 2014.

Tesla Motors Inc (NASDAQ:TSLA) started selling the Model S in Europe this past August.  In September, Tesla sold more Model S vehicles in Norway than the Volkswagen Golf.

If Tesla is able to hit 10,000 vehicles, it would only be a small fraction of the German car market.  According to VDA, sales are expected to hit between 2.9 and 3.0 million cars this year from 3.08 million in 2012.  It will hover at around 3 million vehicles over the next few years too.

Tesla Motors Inc (NASDAQ:TSLA) is expected to be releasing a new Gen 3 Model E vehicle within the next 18 months and the Model X SUV around next year.  The Model E is believed to have a more affordable price tag of between $30,000 and $35,000.