3 Things You Must Know About Tesla Motors This Week
3 Things You Must Know About
Tesla Motors This Week
1. New Chinese rule could boost sales
• China mandated that EVs
make up at least 30% of
purchases by 2016.
• Authorities also waived
the 10% purchase tax on
both domestic and
imported (Tesla) EVs.
• Tesla plans to have 10 to
12 stores in China by
gave consumers more
reasons to buy a Tesla.
Customers learn about the Model S in a Tesla
showroom. Source: Tesla Motors.
China is critical to Tesla’s long-term success
As part of the new plan, government organizations
and public institutions in China will also be
required to add ample EV parking and charging
capabilities. China’s new rules are meant to
incentivize electric vehicle adoption in hopes of
eventually curbing the country’s hazardous smog
conditions. This is exciting news for Tesla because it
should energize sales volume in this key market.
2. Tesla wins approval to sell cars in Pennsylvania
legislature voted to
allow Tesla to sell its cars
directly to consumers in
• Tesla will be allowed to
open five stores there.
• Tesla currently has 56
stores in the U.S. and
Tesla is currently
allowed to sell its
cars in 22 states.
Model S drivers line up in front of Missouri capital to
support Tesla’s direct sales model. Source: Tesla Motors.
Tesla goes to battle: state by state
Tesla’s success in Pennsylvania is one small step in a
much bigger battle, but it’s encouraging nonetheless.
The picture in the previous slide was actually taken at
the Missouri capital, where Model S owners came out
to support direct sales in the state. Tesla hopes that its
recent success in Pennsylvania will trickle into other
states such as Missouri, where Tesla is getting bullied
by auto dealer groups. Unfortunately, Tesla didn’t get
any love from the White House this week in regards to
its state by state dealership wars. Instead, the White
House passed the buck to congress.
3. Tesla’s third-generation EV is named
• Tesla’s third-
generation EV will
be its most
affordable car yet,
• Deliveries of the
Model III are set
to begin in 2017.
Meet the Tesla
A Model S at Tesla’s factory in California. Source:
What’s in a name?
Tesla’s chief executive, Elon Musk, had originally
hoped to name the company’s third-generation car
the Model E. However, Ford pushed back, claiming
it owned the rights to the name. Musk, as a result,
settled on the moniker Model 3. “The new model is
going to be called Model 3, we’ll have three bars to
represent it and it’ll be S III X,” Musk said in a
recent interview with Auto Express. The Model 3 is
critical to Tesla’s long-term success because it will
be the EV maker’s first mass-market vehicle.
Looking down the road…
While all three of this week’s developments are
exciting, the new rules in China hold the most promise
for Tesla’s continued success.
Model S cars lined up outside of the World Economic Forum in Davos, Switzerland. Source: Tesla
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