• 3 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 8 minutes Why Is America (Texas) Burning Millions of Dollars Per Day Of Natural Gas?
  • 11 minutes Is $60/Bbl WTI still considered a break even for Shale Oil
  • 15 minutes CNN:America's oil boom will break more records this year. OPEC is stuck in retreat
  • 7 hours The Pope: "Climate change ... doomsday predictions can no longer be met with irony or disdain."
  • 2 days Hormuz and surrounding waters: Energy Threats to the World: Oil, LNG, shipping markets digest new risks after Strait of Hormuz attack
  • 4 hours Greenpeace claims one oil rig is "pushing the world closer to a climate catastrophe"
  • 3 mins Hydrogen FTW... Some Day
  • 12 hours The Latest: Iranian FM Says US Cannot Expect To ‘Stay Safe’
  • 4 hours Middle East on brink: Oil tankers attacked off Oman
  • 1 day Russia removes special military forces from Venezuela . . . . Maduro gone by September ? . . . Oil starts to flow ? Think so . .
  • 11 hours Emmissions up, renewables nowhere
  • 2 days Never Knew Gasoline Prices were this important!
  • 1 day Plants are Dying
  • 2 days The Magic and Wonders of US Shale Supply: Keeping energy price shock minimised: US oil supply keeping lid on prices despite global risks: IEA chief
  • 2 days We Are Better Than This
  • 2 days (Un)expectedly: UK Court Sets Assange U.S. Extradition Hearing For February 2020
Is It Time For A Contrarian Bet On Oil?

Is It Time For A Contrarian Bet On Oil?

A slew of bearish news…

Tesla Model 3 Shipment Arrives In Europe  

Model 3

Tesla is a step closer to imminently starting Model 3 deliveries in Europe as the first cargo ship loaded with its sedans arrived at a Belgian port last night, Electrek reports.

In January, Tesla loaded Model 3s for shipment to Europe and China on up to five cargo ships, and one of them has already arrived in Belgium, according to sightings from eager customers in Europe.

Tesla expects to begin deliveries of its Model 3 to Europe this month, after receiving in January permission to sell the model in the Netherlands.

The Dutch vehicle authority RDW has added Model 3 to the type of vehicles it has authorized for sale, with which Tesla cleared the final hurdle to start delivering the model to the European market.

Just like with U.S. sales of Model 3, Tesla will start delivering in Europe the Long Range Battery version of the midsize sedan.

Model 3 is key to Tesla’s vehicle offering as it aims to make its electric cars affordable to more people.

Model 3 will also help Tesla compete on the premium car market in Europe which is being dominated by German brands BMW, Audi, and Mercedes-Benz.

Deliveries of Model 3 outside the United States will be a crucial development for Tesla, whose chief executive Elon Musk has said that he wasn’t worried about Model 3 setbacks because of the drop in the U.S. tax credit, as he expected deliveries to Europe and China to take off.

In its Q4 Update letter, Tesla said last week that “In January 2019, we started to produce Model 3 vehicles for Europe and China, and the car is now fully certified for sale in these markets. The market opportunity for Model 3 in Europe and China exceeds North America based on the most recent sales of mid-sized premium sedans. Model 3 was designed from the outset for a global market, and shares more than 98% of its parts in common across its regional variants.”

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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