Tesla's ((TSLA) Musk: 'Rapid Expansion' Planned for Europe; Will Start Shipping in June/July

February 25, 2013 9:51 AM EST
Tesla Motors (Nasdaq: TSLA) CEO Elon Musk is commenting today on Bloomberg TV.

Musk said the company is gearing for a "rapid expansion" into Europe with the Model S. Shipments will begin in June/July, with 10,000 to 12,000 units expected to initially be shipped.

Germany will be the largest market for Tesla, Musk noted.

Shares of Tesla are slightly lower in early trading Monday.


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