Tesla Motors to develop investment in Romania? “There are early stage talks!”

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Romania is in “early talks” to attract a manufacturer of green cars, Deputy Prime Minister and Minister of Economy, Costin Borc said in an interview for hotnews.ro.

When asked whether it’s about a European or an American company, Borc replied: “The only thing missing was if you would have asked me if it started with ‘T’ and ended with ‘esla’. Maybe!”

The discussion about the possible drawing in Romania of an electric cars manufacturer started from the governmental car scrappage program ‘Rabla Plus’ launched a week ago, a program which provides significant tax incentives both for buying electric cars and for creating supply infrastructure.

Furthermore, together with the Ministry of Finance we are looking at a scheme to reduce the taxation of research & development, not only in the auto sector, but in general. (…) The idea is to provide support as it was even since almost 20 years ago when tax relief for IT entered into force,” Economy minister said.

Tesla, founded by Elon Musk and named after electrical engineer and physicist Nikola Tesla, is pioneering the American development of electric cars, electric vehicle powertrain components, and battery products, being also listed on the NASDAQ stock exchange.

Tesla first gained widespread attention following their production of the Tesla Roadster, the first fully electric sports car. The company’s second vehicle is the Model S, a fully electric luxury sedan, which was followed by the Model X, a crossover.

Its next vehicle is the Model 3. Global Model S sales passed the 100,000 unit milestone in December 2015, three and a half years after its introduction. The Model S was the world’s best selling plug-in electric vehicle in 2015.

As of December 2015, the Model S ranks as the world’s second best selling plug-in car in history after the Nissan Leaf.

As of end-March 2016, Tesla Motors has sold almost 125,000 electric cars worldwide since delivery of its first Tesla Roadster in 2008.


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