The supercharger station, which is also the world’s fastest DC charging station, consists of 20 stalls and has a peak capacity of 100 KW per stall. This means that it has a total capacity of 2000 KW. According to its website, Tesla has 694 supercharger stations in the world. At the beginning of this year, the company had indicated that it was focused on building out new supercharger stations in Europe.
It is not surprising that the Palo Alto, Calif. - based company chose to open its largest supercharger station in Europe and in Norway. With its already substantial renewable energy infrastructure, Europe is a lucrative market for the American company. Earlier this year, Automotive Industry Data, a British newsletter about the car industry, reported that Tesla’s Model S sedan had outsold the Mercedes flagship S class, making it the best-selling luxury car in Western Europe. Within that part of the continent, Tesla sold 4000 Model S sedans in Norway itself.
The Norwegian government’s incentives to promote electric cars, which included free parking, charging, and driving in bus lanes, helped boost Tesla’s sales. While Tesla does not break out sales data by geographic region, online publication Electrek analyzed car registration data for the company’s sales markets in Europe and found a 136 percent increase in registration data last year.
Even as it sells more cars in Europe, Tesla is embroiled in multiple problems at home. As of this writing, Tesla’s stock is down by approximately 10% for the year. However, that figure does not fully capture the stock’s roller coaster ride this year. At one point in February, it was down by almost 34% on the back of declining earnings.
Part of the problem for Tesla is that it is yet to generate a positive cash flow. The car company’s acquisition of SolarCity to build a vertically integrated company that sells everything from solar panels to electric cars has also not gone down well with analysts and investors. At the same time, an accident in June caused due to its self-driving feature has prompted a federal investigation
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