Tesla is reportedly close to getting approval to sell the Model 3 in Europe

Hollis Johnson/Business InsiderTesla’s Model 3

  • Tesla is close to receiving approval to sell its Model 3 sedan in Europe, Bloomberg reports.
  • The automaker is reportedly on track to begin delivering the Model 3 to European customers in February.
  • Tesla did not immediately respond to a request for comment.

Tesla is close to receiving approval to sell its Model 3 sedan in Europe, Bloomberg reports. The automaker is reportedly on track to begin delivering the Model 3 to European customers in February.

Tesla did not immediately respond to a request for comment.


Read more: Tesla’s stock could drop another 27% after Wednesday’s sell-off: JPMorgan

The automaker has reportedly received approval for safety, noise, environmental, and production requirements through the Dutch regulator RDW. The agency will likely approve the Model 3 soon, Bloomberg reports. If an automaker receives approval to sell a vehicle from one European Union nation, it is able to sell that vehicle throughout the EU.

A RDW representative told Business Insider that the agency does not comment on its approval process.

The European and Chinese markets are expected to be important sources of growth for Model 3 sales. During Tesla’s third-quarter earnings call in October, the automaker’s CEO, Elon Musk, cited the prospect of European and Chinese deliveries as a reason why he did not anticipate the gradual expiration of a federal tax credit for electric vehicles to have a significant impact on Model 3 sales. Musk said at the time that he expected Tesla to produce a “significant” number of Model 3s for European customers in January.

Musk has said that he expects Model 3 deliveries to China to begin in March or April.

Tesla cut the price of each of its vehicles by $US2,000 after a $US7,500 federal tax credit for US customers was reduced to $US3,750 on January 1. The credit will be cut to $US1,875 in July and expire in 2020. The reduction was set in motion when Tesla sold its 200,000th vehicle in 2018.

Have a Tesla news tip? Contact this reporter at [email protected]

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