International Expansion Could Spark Tesla (Nasdaq TSLA) Stock& s …

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TESLA Model S – 85 kWh Auto

International Expansion Could Tesla (Nasdaq: TSLA) Next Great Run

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Price: 240.24 | Ch: 1.40 (0.6%)

of its international effort will be the of right-handed-drive versions of its signature S sedan for the United Kingdom. will also begin leasing and financing programs in shortly.

The company also today that it will be 30 new stores and service centers in as sales increase.

Tesla are currently sold in Belgium, Switzerland, and Germany.

While sales in Europe is a natural step for Tesla, its expansion to could be a game-changer for the automaker.

Tesla’s (Nasdaq: TSLA) in China

Earlier this Tesla reiterated its plans to into China — the largest auto market.

in China can reserve a Model S for yuan, or $41,000, but deliveries of the aren’t expected until the end of No specific number has been but Tesla China’s Vice Veronica Wu has stated that hundred vehicles have reserved.

There is currently one and one sales and service center set up in the They are both located in The company is looking to open storefronts in Shanghai.

Because of unavoidable taxes, duties and transportation costs, the S will retail at approximately in China. That’s about 50% than its retail price in the States.

The Chinese government to see at least 5 million alternative vehicles on Chinese roads by China’s well-documented problem air pollution is one of the driving forces the push.

[China] could be as big as the market, maybe bigger. I want to get overexcited about it, Chief Executive Officer Musk told Bloomberg in Even without building locally, it’s always to be the second-biggest market after the

And now the company is planning to develop charging stations in China, like the Supercharger Network has created in the United States. networks allow Tesla S owners to drive long — even across the — for free.

As Tesla to expand globally, investors are in wondering how high Tesla can go.

The Future of Tesla (Nasdaq: Stock


Nothing has been to slow Tesla’s momentum In the past month alone the has climbed an additional 43%.

The of the company’s plan to expand is further sweetened by its recent announcement.

Last week, Musk more information about the Gigafactory. which is expected to the company produce up to 500,000 annually by 2020. The $5 billion and will employ 6,500 and help the automaker meet global demand for electric

Following the news, analysts at Stanley more than their price target on stock from $153 to

We raised our estimates and price after Tesla both out its plans for a ‘gigafactory’ aimed at battery cost down and a large amount of capital on amenable terms to fund its Morgan Stanley Analyst Brinkman said at the time.

According to analysts surveyed by Call, four rate as a Strong Buy, three as a six as a Hold, and only one as an Underperform.

currently trades near just down from its high of $265. As Tesla globally and continues to increase its there is no telling how high stock can go in the long-term.

Do you own Tesla What do you think about the potential of the stock? Tell us on @ moneymorning using #Tesla.

are serious profits to be made in the industry, if you know where to With this High GPS, you could double money.

Tesla Says Sales in Asia to Top North America’s in

Bloomberg:

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