Tesla Motors, Inc.
) has started the delivery of the right hand drive (RHD) Model S in
U.K. The automaker believes this launch will support rapid
expansion of the company in U.K. in the next couple of years.
Tesla's electric vehicle Model S travels 502 kilometres on a single
charge. It is equipped with a 17-inch touchscreen and offers an
acceleration of 0-100 km/h in 4.4 seconds. Moreover it has an
outstanding safety record.
The RHD cars in U.K. feature country-specific software. The
vehicles also offer a configuration that suits customers who drive
on the left hand side of the road. The automaker has reorganized
everything starting from the wipers to the braces in the front
Tesla has huge expansion plans in U.K. Though at present, the
carmaker operates with 1 store and 1 service center in London, it
aims to have stores and service centers across the country by the
end of 2014.
During the launch of RHD Model S, Tesla also energized the first
Supercharger location in U.K. The strategic location of the
Supercharger at Crystal site, at London's Royal Victoria Docks,
marks the beginning of a planned Supercharger route to Paris and
further across Europe. This will facilitate the long-distance
travel of the Model S in the continent.
Tesla plans to establish a network of Superchargers across U.K. in
the coming 18 months, which will enable Model S drivers to travel
for free. Tesla is energizing roughly one Supercharger per weekday.
At present, about 125 Supercharger locations are energized
worldwide, of which 19 are in Europe.
Tesla currently carries a Zacks Rank #4 (Sell). Some better-ranked
stocks worth considering in the same industry are
Fox Factory Holding Corp
Tower International, Inc.
). Fox Factory and Gentherm and carry a Zacks Rank #1 (Strong Buy),
while Tower International is a Zacks Rank #2 (Buy) stock.
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
GENTHERM INC (THRM): Free Stock Analysis Report
TOWER INTL INC (TOWR): Free Stock Analysis
TESLA MOTORS (TSLA): Free Stock Analysis Report
FOX FACTORY HLD (FOXF): Free Stock Analysis
To read this article on Zacks.com click here.