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Tesla CEO says electric carmaker plans European plant Yahoo Finance

DETROIT, June 12 (Reuters) – Tesla Motors Inc will build an assembly plant in Europe once sales of its electric cars reach 160,000 vehicles a year in that region according to Chief Executive Elon Musk, the Automotive News reported on Thursday.

“My aspirations for Europe are that we sell a comparable number of cars in Europe as the U.S.,” Musk told Automotive News at an event in London to celebrate the delivery of the first right-hand-drive Model S sedans in the United Kingdom.

He told the industry publication that once global sales pass 500,000 vehicles, it “would make sense” to have a factory in Europe and in China.

More http://finance.yahoo.com/news/tesla-ceo-says-electric-carmaker-122615085.html

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