• 4 days Retail On Pace For Most Bankruptcies And Store Closures Ever In One Year: BDO
  • 10 minutes America Could Go Fully Electric Right Now
  • 5 hours Majors Oil COs diversify into Renewables ? What synergies forget have with Solar Panels and Wind Tirbines ? None !
  • 16 hours Something wicked this way comes
  • 3 hours America's Frontline Doctors - Safely Start Living Again!
  • 6 hours France Sees 10.6% EV Market Share In September — 4× Growth Year On Year
  • 23 hours A sneak peak into the US election
  • 5 hours Conoco Pledges ‘Net-Zero’ Emissions in Break With U.S. Rivals
  • 12 hours Permian in for Prosperous and Bright Future
  • 2 days covid. stop the carriers and thus stop the virus.
  • 15 hours Tesla Model 3 Is September's Top Selling Car of All Vehicles in Switzerland
  • 1 day California’s Electric Vehicle Dream Has A Major Problem: No
  • 2 days "COVID Kills Another Oil Rally" by Tom Kool 10/16/2020
  • 2 days Vote Biden for Higher Oil Prices
  • 2 days Ethanol present in gasoline
  • 2 days Is the coal industry on the way out?
  • 2 days Tucker Carlson responds to CDC after agency critiques commentary about mask-wearing
COVID Kills Another Oil Rally

COVID Kills Another Oil Rally

Yet another oil price rally…

This Deal Could Create The Next Big Shale Giant

This Deal Could Create The Next Big Shale Giant

Just a day after ConocoPhilips…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Premium Content

Tesla Prepares Massive Retail Expansion Worldwide

Tesla looks to significantly expand its retail and sales presence in North America, China, and other countries, as it is gearing up for increased sales over the next years, Electrek reports, citing job listings and sources.

Tesla, which has backtracked on its idea from last year to sell cars only online, is now looking to open retail locations in Tucson, Arizona, El Paso, Texas, Milwaukee, Wisconsin, and Smithtown, New York.

The U.S. electric vehicle maker also wants to open a store near Montreal in Canada, as well as in Singapore.

China will be the main focus of Tesla’s retail presence outside North America.  

In early January this year, Tesla delivered its first cars to customers from its newly built Gigafactory in Shanghai, just a year after it broke ground on the site for the construction.

Sales in China of Tesla’s electric vehicles made in China rebounded to hit a record in May, five months after the first cars from the Shanghai Gigafactory were delivered to customers.

“Model 3 has received a strong reception in China, not only becoming the bestselling EV, but also competing with mid-sized premium sedans, such as BMW 3- series and Mercedes C- (even before subsidies and vehicle tax), reduced operating costs and industry-leading standard equipment,” Tesla said about its Shanghai operations in the Q2 2020 update last month.

Tesla’s revenues in China doubled to US$1.4 billion for the second quarter of 2020, from US$690 million for Q2 2019, the company said in an SEC filing last week.

Globally, Tesla Model 3 was the best-selling EV in June, with more than 35,800 Model 3s sold in June and over 142,340 Model 3 sales year to date, with a market share of 15 percent, according to EV Sales.

Despite factory shutdowns due to the pandemic, Tesla reported last month a surprise net profit for the second quarter, beating analyst expectations and reporting its fourth consecutive quarter of net profits.   

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News