Tesla plans to increase sales of compact cars in Europe

Electric vehicle maker Tesla intends to expand its business in Europe by increasing sales of compact cars. This was announced on Tuesday by the American entrepreneur and CEO of Tesla and SpaceX, Elon Musk, speaking at an online conference on batteries, organized by the German government.

“It might make sense in Europe to produce a compact car, perhaps a hatchback or something like that,” Musk quoted Reuters as saying. The Californian automaker currently sells four car models, including the midsize Model 3 sedan and the midsize Model Y SUV. At the same time, all its cars are several tens of centimeters larger than the Volkswagen Golf, the European standard for compact sedans. Globally, Tesla also plans to bring its new Cybertruck electric truck to market within two years.

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