Tesla is set to dominate the world.
As the globe reels in from the effects of the worldwide Coronavirus disease-2019 (COVID-19) pandemic, it seems that the electric autonomous vehicle (EAV) manufacturer, Tesla, is not showing any signs of slowing down.
From showing record figures in its second-quarter earnings report this year (Q2 2020), Elon Musk’s company is set to conquer the world stage as it seeks to expand its sales and marketing network to reach new untapped markets all around the globe.
This is quite evident with the company’s recent push to expand its production capabilities in and out of the United States.
It is noteworthy that during Elon Musk’s, Tesla CEO, Q2 2020 presentation, he had hinted that the company is looking to establish a factory in Texas. But the Lone Star State will also play as host for a gallery to expand its sales presence in the area. Tesla is also planning to open galleries from Tucson, Arizona to Wisconsin, and even New York.
Seeking to establish a stronger presence in the US’ northern neighbor, the automaker aims to open a new store in Quebec. It will also establish a store in its service center in Ottawa. The two stores will make three overall store locations in the Great White North.
Tesla will also compete in France against local brands such as Peugeot and Renault with numerous sales positions opening up in the European country.
Conquering the East
Outside the US, it is quite clear that the EAV maker has captured success in the Mainland Chinese market.
With the company establishing one of its Giga factories in Shanghai, it has received substantial financial support from the local authorities. It even took record time for the facility to be completed and to start production operations soon after.
According to a report on website OilPrice, the company’s figures have shown that Tesla, in particular, it's Model 3, has ‘received a strong reception in China’. The report also suggests that the same model is the company’s number one model in terms of sales. It even competes along with other car manufacturers, mid-sized premium sedans in particular offered by rivals BMW and Mercedes.
The company also reported a doubled revenue in Red China at $1.4. billion during the present year’s second quarter – you can compare that with just $690 million during the same time period last year.
The figures in China remains optimistic as the company’s Shanghai location sets back to work after a shutdown mandated by the local government earlier this year. The company is also looking for designers and other workers that will join the company’s workforce soon as Tesla aims to build a design studio aiming to capture the local market.
Singapore, a country where the company has had a hard time in the past setting up shop and pursuing operations, is part of Musk’s plan to capture the Asian market soon. It is reported on the local publication The Straits Times, which the carmaker is looking for staff personnel – probably to expand its presence in the Little Red Dot.
In worldwide figures, Tesla’s Model 3 sold more than 35,800 units in June – with a total of 142,340 sold units to date. It holds a market share of 15%, that is according to a report on website EV sales.