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Tesla delivers its first Model 3 deliveries to Europe



Despite some hurdles, Tesla Inc. delivered the first Model 3 sedans to Europe on Wednesday, with some buyers approaching buyers who had reservations for almost three years.

The blog Electrek reported a handful of cars were delivered Wednesday after a cargo ship from California docked at a port in Belgium. Some buyers were reportedly told to pick up their cars and later be told to wait until another day.

Tesla boss Elon Musk admitted in a tweet on Wednesday to the "unexpected challenges". "Cars will drive out in large numbers tomorrow," he said.

Tesla

TSLA, -1.29%

had nearly 14,000 Model 3 orders in Europe in January, Electrek reported, with most orders being for Norway and Germany. The blog said Tesla is expected to deliver about 3,000 Model 3 limousines per week in the coming months.

In a letter to employees last month, Musk pointed out that delivering high-quality Model 3 variants to Europe and Asia will be crucial to achieving profitability. In this letter, Musk said mid-to-mid-model 3 cars should be delivered to all markets by mid-May.

Tesla also plans to build a giant lithium-ion battery factory in Europe, possibly in Germany.

The launch of European shipments coincided with a price cut in the US as Tesla lost $ 1,100 over the price of the US $ 3 to offset past federal tax credits.

The Tesla share fell by around 5% last year, compared to a plus of 1.3% for the S & P 500

SPX, -0.22%

at this time.

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