Tesla Motors Announces Major Developments for Germany

Tesla Motors Announces MajorTesla Motors Announces Major Developments for Germany PR Newswire BERLIN, October 23, 2013 Significant investments in Superchargers, service centres and Autobahn performance Elon Musk, co-founder and CEO of Tesla Motors (NASDAQ: TSLA), visited Munich and Berlin this week to announce three major developments for Model S customers in Germany as Tesla increases European deliveries throughout the fourth quarter and ramps up further in 2014. "Tesla is going to make a significant investment in Germany," said Musk. "This is a country that appreciates automotive engineering, which makes it extremely important to us. To have the Model S be well received as it enters the German market is a key step for Tesla." The first major investment is the accelerated deployment of Superchargers in Germany. Within the next month, ground will be broken in locations to energize the corridors between Munich and Stuttgart, Munich and Zurich, Switzerland, and Cologne and Frankfurt. The network in Germany will quickly expand to include routes between Frankfurt and Stuttgart and Stuttgart and Zurich. By the end of March 2014, more than 50 percent of Germany will be covered by Tesla's Supercharger network, with 100 percent of the country covered by the middle of the year. In fact, by the end of 2014, Germany will have more Superchargers per capita than any other country.