Elon Musk, CEO of Tesla has hinted that there is a possibility that the Californian company will soon expand to Russia and perhaps even establish a factory in the region, this taking into account that the largest country in the world is far from being a a leader in electrification and does not have much prospect of accelerating the adoption of electric vehicles.
Tesla’s entry into the market could definitely help since Russia is the country that already has the largest gray market for the company’s vehicles. Gray markets arise when a manufacturer does not officially sell a product in specific markets.
Elon Musk has hinted at a possible official entry into the market, and now the CEO says the automaker is “close to establishing a Tesla presence in Russia.”
Notably, Tesla already has or is building factories in the United States, Germany, and China, but recently the automaker has been rumored to be looking for a new factory location.
The automaker has made it clear that to meet its ambitious growth target, it would need more factories and especially more battery cell factories.
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Since Musk’s new comment, several Russian officials have approached the CEO to offer his assistance in finding a possible factory location in the country.
As for Tesla to establish a sales and service presence in the country, the automaker has already announced approximate locations for its first Russian Supercharger connecting St. Petersburg and Moscow with Tesla’s European Supercharger network.
Opening Supercharger stations are generally Tesla’s first steps in entering a new market.
Written by | Gabriel Sayago