Of course you know Tesla, the company which make electric cars we all lust after. It seems that even the people who can afford them are having trouble getting their hands on them. That’s one of the reasons why Tesla is increasing it’s production capacity by opening a new factory in Europe to produce it’s cars, making them more accessible to the European market. The factory, located in Tilburg in the Netherlands, is made of recycled factory parts taken from California. This is a strategic move as competitors begin to bring more and more and more to the table.
The plant, which increases Tesla’s production capacity by over 200%, will manufacture the Model S, X and 3, the model three being the more affordable smaller option for those who want to jump on the electric bandwagon.
The Tilburg plant will not only be the first European plant; but also includes an indoor test track, which will be 750 meters in length in order to stimulate various road surfaces to ensure quality controls on harshness, noise, and vibration level.
This facility is essential for the company. As it begins to grow and expand, Tesla needs to generate revenue and obviously the way to do that is to sell more product and Europe is an excellent place to do that, especially as the possibility of hefty carbon taxes looms.
The plant is part of an ambitious plan to deliver half a million cars by the year 2020, though it seems that Tesla doesn’t show too many signs of missing this number, they may just exceed it.
Let us know what you think about firstly, Tesla’s goal to sell 500,000 cars by 2020. Do you think they will succeed, exceed that number, or fail? Secondly, what are your thoughts on Tesla’s competition? Do you think it is a possibility that Tesla will not meet their goal, not because of inability to produce and deliver, but because of strong competition? Let us know in the comments below.Source: Business Finance News