11/24/2020, 4:58 PM (Source: TeleTrader)
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Musk: Tesla considering Europe expansion

Tesla Inc. Chief Executive Officer Elon Musk (pictured) stated on Tuesday that his company may expand its market share in Europe by making a compact vehicle.

"Possibly in Europe, it would make sense to do, I guess, a compact car, perhaps a hatchback or something like that," Musk stated, adding that unlike Europe, cars in the United States "tend to be bigger for personal taste reasons."

Earlier today, the electric car manufacturer surpassed a $500 billion market cap.

Breaking the News / MD