Boston, MA 06/20/2014 (wallstreetpr) – Tesla Motors Inc (NASDAQ:TSLA) on June 19, 2014 said that it plans to increase its network by expanding to entire Europe by s2014 end. Tesla announced about its plans of expansion of the fast-charging stations’ network so as to allow the Model S sedan owners to drive pan-Europe. The company said that this shows the importance of European market for Tesla.
Three Fast-Charging Stations Commenced
Tesla, the electric-car making company in context with this, commenced three fast-charging stations along the highways in Germany in order to allow the customers to travel to Austria or Switzerland from the Palo Alto, the biggest economy of Europe.
Tesla at present has at least 36 sales channels in Europe, from Sweden to Italy. By the end of 2014, the company said that it plans for adding more chargers across the length and breadth of the whole continent. With the introduction of three more fast-charging stations, Tesla now has a total of 23 stations.
New Service Centers and Stores to come up at Europe
Tesla Motors Inc (NASDAQ:TSLA) also has a few more plans in the pipeline. Tesla has a diagram of starting up 30 new stores and service centers in the continent. Tesla expects the sales for Model S to climb up soon. Model S is priced at approximately $70000. This is seen as a part of Tesla’s global roll-out after it forecasts an increase in the deliveries of over 55% in 2014.
New Investment Plans of Tesla
Tesla Motors Inc (NASDAQ:TSLA) plans to invest additional $5 billion in the construction of largest battery factory of the world. The new facility would be aimed at bringing down the costs of the cars and expanding the market share of Tesla in electric car segment.
Fight of the Luxury-Car Leaders
Tesla Motors Inc (NASDAQ:TSLA) has quickly emerged as the reasonable alternative in the upscale market. This has also pushed Bayerische Motoren Werke AG (BMW) to polish the environmental image of the company. Earlier in June 2014, BMW, the leader in the luxury-car market, started the delivery of plug-in i8 sports car at $135700. The plug-in i8 sports car had the capacity of accelerating faster than the Porsche 911.
