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Tesla makes its first model 3 deliveries to Europe



Despite some snags, Tesla Inc. made its first model 3 sedans deliveries to Europe on Wednesday, with some coming to buyers who had been making reservations for almost three years.

The blog Electrek reported that a handful of cars were delivered Wednesday after a cargo ship from California docked at a gate in Belgium. Some buyers were told they were going to pick up their cars just to be told later that they had to wait another day.

Tesla's CEO Elon Musk recognized "unexpected challenges" in a tweet on Wednesday. "Cars will start moving in volume tomorrow," he said.

Tesla

TSLA, -1.29%

had almost 14,000 model 3 orders in Europe from January, Electrek previously reported the most tied to Norway and Germany. The blog said that Tesla is expected to deliver about 3,000 model 3 sedans over the coming months.

In a letter to employees last month, Musk noted that deliveries of higher than model 3 variants to Europe and Asia will be crucial for achieving profitability. In that letter, Musk said in the middle of the middle. Model 3 cars were to be delivered to all markets by mid-May.

Tesla is also planning to build a gig factor for lithium ion batteries in Europe, possibly in Germany.

The beginning of European deliveries coincided with a surcharge in the US, when Tesla ran another $ 1,100 of the Model 3 price to settle for federal tax credits that have expired.

Tesla shares have fallen by about 5% over the past year, compared to a 1.3% gain for S & P 500

SPX, -0.22%

at that time.

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