Tesla Motors Inc (NASDAQ:TSLA) recently showed a map indicating where the company is planning to locate its ‘Supercharger.’ The map from the company focuses on Japan and china as the organization already has introduced its product in these markets. The map has been tweeted by the company on Wednesday, showed the expansion plans for its ‘Supercharger” network through 2015.
Supercharger network essential for China, Japan
Tesla Motors Inc (NASDAQ:TSLA) recently delivered Model S cars in Japan on Monday, and in China it started the delivery process earlier in the year. In July it started to offer right-hand drive Model S in Hong Kong.
The company choose these market especially China because the Chinese government is very much in favour of environmental concerns and provide huge support for the electronic cars. Along with this there are ample of customers, who favour luxury brands like Tesla.
Tesla Motors Inc (NASDAQ:TSLA) has around 112 charging stations in North America, 61 Stations in Europe and 17 stations in Japan and china. It also installed some superchargers in North America facilitating half a charge in as little as 20 minutes.
Tesla stock breaking records
Some analysts believe that the electric car maker is witnessing fewer demand from Europe and North America. But these arguments against the company never showed any harm as the share price of the company have gained around 86% so far this year, compared to 8% for the S&P 500 index.
The performance of the stock is tremendous as it has been posted numerous intraday and closing records in recent weeks. Last week, the company set a milestone when the stock closed at $286.04 and traded as high as $291.42.
However, last week, Tesla Motors Inc (NASDAQ:TSLA) Chairman Elon Musk acknowledged that the shares of the company are a “kind of high,” which triggered the selling.
The big question for the electric car maker is that how much the company have room by selling expensive vehicles that start above $70,000. The market for the expensive car with low maintenance cost is very huge. Also, the company is planning to introduce cheaper vehicle, also to maintain sales it is moving to newer markets, where there are huge opportunities like China, Japan, Australia, etc.