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Home » Tesla Goes to War in Europe: The Plan to Kill Internal Combustion Engine (ICE)

Tesla Goes to War in Europe: The Plan to Kill Internal Combustion Engine (ICE)

Canaccord Genuity just cut his price target on $TSLA from $267 to $234

Tesla’s European mission to take down traditional internal combustion engine (ICE) vehicles. With a PPT presentation titled “This Year We Kill the ICE”, it’s clear that Tesla is going all-in to dominate the European market.

Tesla’s Plan for European Domination

The Tesla European team has set specific goals to achieve its mission, including increasing capacity at the Giga Berlin factory and exporting from Giga Shanghai. The company also plans to add 30 new service centers every quarter and 1000 supercharger stations every quarter. The team is also increasing its size and updating its referral incentive plan to strengthen external communication.

What’s Driving Tesla’s Push in Europe?

The company’s big price cut at the beginning of the year has shown that there is a demand for Tesla vehicles in Europe. With the global new energy penetration rate on the rise, Tesla is making a strategic decision to increase its efforts in the European market. The company believes that the supply and support are now in place to make this year the year of Tesla’s dominance in Europe.

Related Posts: Tesla’s Q1 2023 Earnings: Revenue Increases by 24%, but Gross Margin Misses Expectations

FSD Beta in Europe?

Tesla’s Full Self-Driving (FSD) Beta is another selling point that could help the company achieve its mission in Europe. The final draft of the DCAS driver control assistance system regulations is expected to be passed ahead of schedule, which means that as early as June this year, Tesla could start closed testing of FSD Beta in Europe.

This is exciting news for Tesla fans and investors alike. With the company’s plan to kill ICE and the possibility of FSD Beta testing in Europe, Tesla is ready to take on the competition and come out on top.