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Electric shock as Tesla Spain makes increased profit

By John Smith • Published: 28 Nov 2019 • 21:30

UNLIKE its US parent, Tesla Spain is doing well financially as turnover for 2018 was €32 million and profits doubled when compared to 2017.

It has high hopes for this year and 2020 as the new model Tesla 3 which was only released in February has become the best-selling electric car in Spain.

Although there is still not a huge market for electric here, it managed to sell 589 cars which was the equivalent of 89 per cent of the company’s total sales for the previous two years.

Written by

John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Currently he is acting as Editorial Consultant for the paper helping to shape its future development. Share your story with us by emailing newsdesk@euroweeklynews.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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