Elon Musk Aims To Address High Shipping Costs For Tesla And SpaceX Fans In Europe
Portfolio Pulse from Anan Ashraf
Tesla (NASDAQ:TSLA) and SpaceX CEO Elon Musk has responded to a user's request to address high shipping costs for overseas customers. The user suggested stocking items from Tesla and SpaceX stores in Europe to reduce costs. This comes as Tesla's popularity in the European Union is increasing, with June registrations jumping over 168% YoY and market share more than doubling to 3.3% from 1.5% in June 2022.
August 09, 2023 | 4:42 am
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Elon Musk's consideration to address high shipping costs for Tesla products in Europe could potentially increase sales and customer satisfaction in the region. This comes as Tesla's popularity in the EU is growing significantly.
If Tesla manages to reduce shipping costs for its European customers, it could potentially lead to an increase in sales in the region. This is particularly relevant given the recent surge in Tesla's popularity in the EU. Therefore, this news is likely to have a positive impact on Tesla's stock in the short term.
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