Tesla Motors Opens Showroom and Service Center in Netherlands (TSLA)

Wednesday, September 28, 2011 7:11 PM
Tesla Motors Inc. (NASDAQ: TSLA), a designer, developer, manufacturer and seller of fully electric vehicles and electric vehicle powertrain components, today announced the opening of a new showroom and service center in Eindhoven, Netherlands. The new showroom and service center expands the company’s retail footprint. With the new showroom and service center, the company has also increased its commitment to the Benelux region. The Benelux market has been receptive to the company’s electric supercar, Roadster. The Eindhoven showroom and service center will make it convenient for Tesla’s growing customer base in the Benelux region and throughout Europe to buy and service a Tesla vehicle. George Blankenship, Vice President of Sales and Ownership Experience at Tesla, said that new Tesla showroom and service center allows the company to inform and engage more people about is exciting cars and many advantages of going electric and are a great platform for the Roadster and Tesla’s new premium sedan, the Model S. Earlier this month, the Palo Alto, California-based company also announced the opening of its servicing operation in Hong Kong. Kevin Yu, Director of Retail Development for Tesla in Asia Pacific, said that the company wants to show commitment to the Hong Kong market. Yu said that the company’s customers, the government, and private industry in Hong Kong have been incredibly supportive of Tesla and of electric vehicles in general, and they helped make the decision to invest in Hong Kong an easy one. Tesla shares fell sharply in trading today following a sell-off in the broad market. The stock finished the day 6.11% lower at $24.59. However, it pared some of its earlier losses in after-hours trading, gaining 2.63% to $25.24. In the last one month, Tesla shares have gained 3.62%, outperforming the Nasdaq.  
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