Tuesday, March 01, 2011

Electric Car Stocks ; Tesla (NasdaqGS: TSLA ) Grows in Europe With Additional Sales and Service

Electric Car Stocks ; Tesla (NasdaqGS: TSLA ) Grows in Europe With Additional Sales and Service

Four Hundred European Roadsters have accumulated more than 3 million electric kilometers across the continent

GENEVA--(www.investorideas.com renewable energy/green newswire )-- Tesla Motors has significantly expanded its European sales and service network in the last year as the automaker’s momentum builds from Granada, Spain to Stockholm, Sweden.

Sales in Europe have taken off in the past year, particularly in Germany and Switzerland where sports car enthusiasts have embraced the Roadster as a top performance car in addition to a zero-emissions vehicle. Responding to demand, Tesla opened new showrooms in Zurich, Copenhagen, Paris and Milan in the last year. In 2011, the company plans to launch service locations in Eindhoven, Netherlands and Oslo, Norway.

Tesla has now delivered more than 400 Roadsters in Europe. Together, they have travelled 2 million miles, saving more than 5,000 barrels of oil and about 500,000 kilograms of CO2 emissions.

“The Roadster has earned global appeal,” said Tesla co-founder and CEO Elon Musk. “This latest delivery milestone proves Tesla is raising the bar for EVs. The Roadster’s advanced electric powertrain is the foundation of Tesla’s success.”
“18 months ago I got one of the first Tesla in Europe and my expectations got more than fulfilled,” said Lennart Hennig, who is also the owner of the 100th Roadster delivered in Germany.

Tesla is revolutionizing the automotive customer experience through its sales and service. European showrooms are designed to invite the public in to both purchase vehicles and learn about Tesla’s advanced electric powertrain technology.

Tesla has also expanded its mobile service squad in Europe. The Tesla Rangers are revolutionizing automotive service, responding to maintenance requests at Tesla owners’ homes and offices no matter where they are located. Rangers are able to diagnose issues remotely and can perform annual inspections, firmware upgrades and other services on site, creating a hassle-free customer experience.

Globally, Tesla’s fleet of over 1,500 Roadsters spans more than 30 countries. Collectively, they have accumulated close to 20 million kms in real-world driving, saving 25,000 barrels of oil and 2.2 million kilograms of CO2 emissions.
In 2010, Tesla launched the next-generation Roadster 2.5, demonstrating the company’s continuous innovation and close feedback loop with its engineers and customers.

About Tesla Motors

Tesla's goal is to produce a full range of electric cars, from premium sports cars to mass market vehicles – relentlessly driving down the cost of electric vehicles. It is currently the only automaker in the U.S. that builds and sells highway-capable EVs in serial production. Palo Alto, Calif.-based Tesla designs and manufactures EVs and EV powertrain components. Tesla has delivered more than 1,500 Roadsters to customers in North America, Europe and Asia. The Tesla Roadster accelerates faster than most sports cars yet produces no emissions. Visit Tesla online at www.teslamotors.com.


Tesla MotorsSarah Zimmermann, +49 89 550520212  sarah.zimmermann@teslamotors.com

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