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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Tesla, Inc.    TSLA

TESLA, INC.

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Tesla mulls expanding in Europe with compact vehicles: CEO

11/24/2020 | 01:32pm EST
FILE PHOTO: The Tesla logo is seen at the entrance to Tesla Motors' showroom in Manhattan's Meatpacking District in New York City

PARIS (Reuters) - U.S. electric vehicle maker Tesla is looking at expanding in Europe by entering the mass-market segment with a compact car, Chief Executive Elon Musk said on Tuesday.

"Possibly in Europe it would make sense to do, I guess, a compact car, perhaps a hatchback or something like that," Musk told an European online conference on batteries hosted by the German government.

"In the U.S., the cars tend to be bigger for personal taste reasons," he said. "In Europe, (they) tend to be smaller."

Musk said he had had some problems parking his five-metre long Tesla Model X car in German capital Berlin.

"I was driving a Model X around Berlin and we had quite a bit of trouble finding a parking space where we could fit," he said.

The California-based automaker currently sells 4 car models including its mid-sized Model 3 sedan and medium-sized Model Y sport-utility vehicle.

All its vehicles are several tens of centimetres longer than Volkswagen's Golf car, the European reference in compact sedans.

On a global level, Tesla is also due to market its new "Cybertruck" pickup within two years.

(Reporting by Leigh Thomas and Gilles Guillaume; Writing by Matthieu Protard; Editing by Jan Harvey)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
TESLA, INC. 0.56% 851.06 Delayed Quote.19.68%
VOLKSWAGEN AG 3.15% 157.62 Delayed Quote.0.25%
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Financials (USD)
Sales 2020 30 946 M - -
Net income 2020 1 323 M - -
Net cash 2020 5 301 M - -
P/E ratio 2020 632x
Yield 2020 -
Capitalization 801 B 801 B -
EV / Sales 2020 25,7x
EV / Sales 2021 17,4x
Nbr of Employees 48 016
Free-Float 80,0%
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Technical analysis trends TESLA, INC.
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 37
Average target price 524,55 $
Last Close Price 844,55 $
Spread / Highest target 22,7%
Spread / Average Target -37,9%
Spread / Lowest Target -87,6%
EPS Revisions
Managers and Directors
NameTitle
Elon Reeve Musk Chief Executive Officer & Director
Robyn M. Denholm Chairman
Zachary Kirkhorn Chief Financial Officer
Kimbal Musk Director
Ira M. Ehrenpreis Independent Director
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