The mutual sales of the Tesla Motors Inc (NASDAQ:TSLA)’s Model S sedan will be nearly increased two folds by the end of 2014 in Asia and Europe. The company has also unveiled that its system of battery-charging stations will also be increased along with establishment of almost 30 sales showrooms and service centers in Europe this year. The company can increase its abroad sale through this plan.
Most of 22,477 sold cars gone to United States in 2013, according to company. Now in some European countries, like Germany and Switzerland, the sale of the Model S has started and in the United Kingdom, it will initiate a right-hand-drive version in this spring.
Launching its model in China this year is the next goal of the company. Last month, the U.S electric car maker also announced that the world’s largest battery plant, a $5-billion “gigafactory” in the U.S. Southwest will be build by 2017 with collaboration of Panasonic and other partners.
In early trading, the company’s shares were raised slightly at $255.20. Morgan Stanley’s Adam Jones holds overweight rating on Tesla and gives $320 price objective. He also stated that the company has capability for income streams not captured in $320 price objective if Tesla Motors Inc (NASDAQ:TSLA) can attain battery cost per kWH below $150 and defend copyrights.
Recently, Jones also mentioned noted main points regarding its much anticipated, 5 billion dollar gigafactory. One is that goal of 500k is 35% higher than our 371k unit that is anticipated for Tesla’s 2020 vehicle production. Secondly, from the company’s Gigafactory by 2020, the company’s anticipated 50 GWh of yearly battery production (pack level) is more than double which is being estimated. Thirdly, Jones also said that a totally new industry will be established with the success of Tesla’s gigafactory which could possibly break into a $1.5 trillion global electricity market.
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