Tesla Motor Inc. (NASDAQ:TSLA) is in a continuous project of expansion, as it is trying to entrench its feet across the globe. This effort is particularly dominant in the region of China, as it has not been giving a favorable response to the company, which is contrary to the company’s expectations of the country. Herein, Tesla Motors Inc.’s (NASDAQ:TSLA) sales have been on a decline recently. Moreover, the company is coming across another potent problem, that the infrastructure present within China for charging electric vehicles isn’t good enough and is unable to cope up with the pressing requirements. As a result, there is a great likelihood, that Chinese customers may get thwarted by the conditions and back off from their investments.
A speech was given by the Chief Executive Officer of Tesla Motors Inc. (NASDAQ:TSLA), Elon Musk, in early January in which he mentioned that in China the response given to the company’s only EV vehicle- S Model, wasn’t very encouraging. The speculation at the back of this soft response was that the company probably lacks sufficient charging stations in China to compliment the needs of Chinese populations.
Ironically, Tesla Motor Inc. (NASDAQ:TSLA) has a larger number of supercharger stations in U.S. than in China, whilst the latter is the most populous country of the world. However, Tesla Motor Inc. (NASDAQ:TSLA) aspires to entrench its feet deeply in important markets across the globe. This pursuit of Tesla Motor Inc. (NASDAQ:TSLA) is reflected in its latest achievement, where the company managed to outstep its competitor, CHAdeMO, by setting up a greater number of supercharger stations. It should be known likewise that the latter company also has an extensive network of supercharger points all over North America.
Tesla Motor Inc. (NASDAQ:TSLA) also claims that it has attained a major hallmark in its pursuit of leaving behind strong foot prints in the world’s significant markets. Its installation of 2000 supercharger points across four important continents of the world reiterates this very statement. Since typically one station comprises of two or three points, therefore Tesla Motor Inc. (NASDAQ:TSLA) now owns approximately 400 stations around the world. These stations can make driving all across United States, a living possibility. Moreover, a connection from United Kingdom to Continental Europe, then to South of France, to North of Norway and finally up to Artic Circle, has been made possible, owing to these supercharger stations.
China being not only the world’s most populous country, but also being the most probable economic power of the future, holds in immensely profitable prospects for Tesla Motor Inc. (NASDAQ:TSLA). Therefore, the company is working along the lines to build a connection between the country’s landlocked cities and currently, it has few stations which connect the coastal cities of China.
Tesla Motor Inc. (NASDAQ:TSLA) has been making ties with various important entities of China such as its premium telecommunications company and its real estate developers, so that its aim of fortifying the infrastructure of supercharger stations in China can be approximately fulfilled.
Statistics claim that at the present time, the number of such stations present in China is approximately one-half of those present in U.S. The irony of the matter is that China’s population exceeds that of U.S. by four times.
