Boston, MA 03/06/2014 (wallstreetpr) – Tesla Motors Inc (NASDAQ:TSLA) has set its eyes on growth, no question. While last year the company spent a significant amount of its time trying to fight distortion of its reputation, thanks to the three fires reported in Model S, this year will be different. At least, it should be different. The company has just issued a roadmap for its expansion this year and the company seems to be ready for more challenging projects – as ever.
The electric vehicles maker announced that before 2014 comes to its final conclusion, it will be able to have at least 30 sales outlets as well as service centers in Europe. The company is also planning for a wider network of Supercharge stations in Europe.
Tesla Motors Inc (NASDAQ:TSLA) is one company that candidly discusses its plans. The company had earlier announced that it was aggressively going to boost its sales overseas this year. So then, the latest announcement to open more stations and sales centers in Europe comes as a confirmation that indeed the company is serious with its plans. The company hopes that sales in Europe and Asia combined will be able to double sales in North America this year.
Overseas sales growth
Tesla Motors Inc (NASDAQ:TSLA) believes that demand is not a problem. The company announced late last year that it was getting overwhelming orders for Model S, more so from Asia and Europe to the level that its production capacity was strained. At that time the company said that shortage of battery used to power the cars was a major hindrance to its production.
However, the company promised that it would address that issue as fast as possible. And just last month, Tesla Motors Inc (NASDAQ:TSLA) said it was planning a gigafactory in the U.S., and that it was working alongside Panasonic and other partners in the project. About $5 billion will be invested in the world’s largest battery manufacturing plant. And thereafter, battery shortage for Model S – and the future car models like Mode X and pickup truck promised – will no longer be an issue.
Investor Takeaway
Tesla Motors Inc (NASDAQ:TSLA) is one company that is poised to benefit from the goodwill that its flagship car Model S has gained around the world. The promised launches of Model X and pickup trucks also go a long way to suggest that the company has what it takes to take on rivals such as General Motors Company (NYSE:GM) and Ford Motor Company (NYSE:F) in the mainstream automobile market.
