- 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.
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 $2,000 after a $7,500 federal tax credit for US customers was reduced to $3,750 on January 1. The credit will be cut to $1,875 in July and expire in 2020. The reduction was set in motion when Tesla sold its 200,000th vehicle in 2018.
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