Tesla Motors Inc Model S To Hit Australia’s Streets In September

Tesla Motors Inc Model S To Hit Australia’s Streets In September
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Tesla Motors Inc (NASDAQ:TSLA) Model S will be available in Australia from September according to report from the Australian Financial Review. Initially around 100 Tesla Model S will be delivered to those who pre-ordered the luxurious Sedan.

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Wait over for Australians

Even though the Australian customers can ride on their Model S starting this September, superchargers will be installed in the continent only next year followed by a larger supercharger network. Simon Hackett, Internode founder and NBN Co board member owns three Tesla Roadster and two Model S on order. Heckett believes “There’s a belief your manhood is somehow diminished if your car doesn’t make a loud noise.”

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Australian customers had to wait for over two years before getting the opportunity to order the Tesla Model car. The company launched Model S first in the year 2012, in the United States, and sold over 30,000 cars in short period.

Like in US, in Australia, also, the customers adopting Tesla Model S are largely from technology field. Apart from Hackett other big names on the list are Atlassian co-founder Mike Cannon-Brookes and Sydney app developer Mat Peterson, each placing deposits of up to $40,000 for the car.

Tesla: the most important automaker

Tesla Motors Model S is an electronic super car, the price of which coincides with BMW M3 excluding fuel or maintenance cost. Instead of running on a fuel tank it has thousands of tiny batteries to give the car a 500-kilometre range outperforming other in the market.

Morgan Stanley went on to recognize Tesla Motors as “arguably the most important car company in the world”, on the basis of its re-engineering, constructions and the sales process.

CEO Elon Musk has offered the Tesla technology patent to other car makers as well that will establish the company in the dominating position within the industry. Tesla Model S is running short of supplies due to insufficient number of batteries that power the car. To address the issue Tesla has decided to build its own factory to make batteries.

At 13:35 pm EDT, Tesla shares were up 1.92% to $243.77 and year to date shares are up over 58%.

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Aman is MBA (Finance) with an experience on both Marketing and Finance side. He has worked as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, reviewing tech gadgets, playing PC games and cricket. - Email him at amanjain@valuewalk.com
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