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Tesla announces plans for major European expansion

Reuters

March 5, 2014

Tesla Motors has been expanding rapidly in the U.S. and now the company is getting ready to make a major push in Europe. Speaking at the Geneva Auto Show on Tuesday the company announced plans to open 30 new service centers and stores while also beefing up its Supercharger network. “By the end of this year, we expect you will be able to travel almost anywhere in Europe using only Superchargers,” said CEO Elon Musk.

Tesla Motors Inc (TSLA.O) will open more than 30 sales outlets and service centers this year in Europe and will expand its network of battery-charging stations there, the U.S. luxury electric-car maker said Tuesday. The moves support Tesla’s aggressive plan to boost overseas sales in 2014. By the end of the year, Tesla said it expects combined sales of the Model S sedan in Europe and Asia will be nearly twice the number of sales in North America. Last year, Tesla sold 22,477 cars, most of them in the United States. It has begun selling the Model S in some European countries, including Germany and Switzerland, and will introduce a right-hand-drive version this spring in the United Kingdom. Tesla also aims to launch the car later this year in China.

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