Tesla eyes annual sales of 10,000 cars in Germany -CEO in paper

Reuters

FRANKFURT, Oct 26 (Reuters) - Electric car maker TeslaMotors is aiming to sell around 10,000 cars a year inGermany by 2015 as it builds out its networks of chargingstations, its chief executive told a German paper.

"I have confidence in the German consumer," Tesla Chiefexecutive Elon Musk was quoted as saying in an interview withWelt am Sonntag.

"Our fast charging stations should cover around half ofGermany by the end of March 2014 and the entire country by theend of 2014," he said, adding he expected there to be 25 Tesladealerships in Germany by the end of next year.

Tesla's high performance, all-electric Model S went on salein Europe in August, and even overtook Volkswagen's Golf as thebest selling car in Norway in September.

Even vehicle sales of 10,000 would be only a small fractionof the German car market. Main industry association VDA expectssales to reach between 2.9-3.0 million cars this year from 3.08million in 2012, and keep hovering at around 3 million vehiclesin coming years.

The Model S costs from 71,400 euros ($98,500) in Germany,according to the group's website.

Tesla is currently working on developing a third-generationelectric car by 2017 that will cost between $30,000 and $35,000.

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