Thursday 17 August 2017

Irish motorists plug into premium electric cars

Tesla has a market capitalisation of $55.99bn - almost $10bn more than Ford's market capitalisation of $46.27bn
Tesla has a market capitalisation of $55.99bn - almost $10bn more than Ford's market capitalisation of $46.27bn

Gordon Deegan

Tesla has reported that its team here is "very busy" as the number of registered Tesla models on Irish roads now stands at 14.

The Nasdaq-quoted electric car- maker headed by chief executive Elon Musk opened its first Irish showroom in Sandyford in Dublin at the end of April.

The latest figures from the Society of the Irish Motor Industry (SIMI) show that two Tesla registrations took place this year - in April and one in May.

However, a spokeswoman for Tesla pointed out yesterday that the registration of the Tesla cars do not relate to sales from the new Tesla store here.

Those registration figures won't become apparent until later this year as the spokeswoman said that "our cars are custom ordered and built in the US therefore there is at least a four month delivery time".

She said: "The registration figures are likely to be orders from before the opening - there are cars in the Irish market through our website and delivered to the customer in Tilburg, our EU distribution site, or the UK, before we opened in Ireland."

Tesla has a market capitalisation of $55.99bn - almost $10bn more than Ford's market capitalisation of $46.27bn. A Tesla Model S cost Irish drivers from €81,086.

Irish Independent

Also in Business