Starting Model 3 deliveries in Europe is a key priority for chief executive officer Elon Musk. He’s pointed to sales of the sedan in Europe and China as a main reason he isn’t concerned about any potential setback caused by the US federal tax credit toward Tesla purchases halving to $3,750 as of January 1.
The company also said in its third-quarter shareholder letter that, “The mid-sized premium sedan market in Europe is more than twice as big as the same segment in the US.”