Tesla Motors Inc (TSLA) Breaks Norwegian Sales Record Held Since 1986

Tesla Motors Inc (TSLA) Breaks Norwegian Sales Record Held Since 1986
Blomst / Pixabay

Silicon Valley’s Tesla Motors Inc (NASDAQ:TSLA) sold 1,493 Model S sedans in March alone to a country that numbers just over five million denizens. This despite the fact that Tesla’s CEO Elon Musk was forced to apologize just last month to Norwegian consumers for a Tesla adapter that didn’t properly interact with the Norwegian grid for charging.

Tesla selling like hotcakes

The 1,493 shipped units represent more than a two-fold increase in typical monthly sales to the tiny Scandinavian country that is now Tesla Motors Inc (NASDAQ:TSLA)’s No. 2 market. The VW Golf came in second with the sale of 624 of the popular gas-powered economy car.

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Tesla Motors Inc (NASDAQ:TSLA) has four dealerships in Norway, including two in Oslo and two more on the west coast. Somewhat ironically, Norway is enjoying a booming economy due to its oil and gas industries, but the country still provides significant tax incentives for those that purchase electric cars. Given the sheer luxury that is the Model S, many have criticized this policy as the government subsidizing comfort for those with a bank account sufficient to write the check.

Tesla thrilled

Esben Petersen, a Tesla spokesman, said “Norway is a small country and there is huge demand for our cars.” This is precisely why Mitsubishi, and Nissan have also targeted the Nordic nation with its electric car offerings. The Nissan Leaf was Norway’s top seller in February with deliveries reaching 484 cars.

In addition to tax incentives, numerous municipalities offer both free parking and charging to electric vehicle owners as well as access to high-speed lanes for drivers without a passenger or carpool.

Prior to Tesla Motors Inc (NASDAQ:TSLA)’s shattering of Ford Motor Company (NYSE:F)’s record, the only other car that close was in 1992 when Subaru delivered 1,328 Forresters.

With the numbers today, the top five selling electric cars in Norway were responsible for over 20% of all vehicles sold no matter their power source. The news was even well received at the Bellona Foundation that battles an array of climate issues.

“I don’t often entertain myself with car sale statistics, but this is one I will read as a bedtime story for children,” said Bellona President and Tesla Motors Inc (NASDAQ:TSLA) enthusiast Frederic Hauge.

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While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. <i>To contact Brendan or give him an exclusive, please contact him at [email protected]</i>

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