News
Tesla Model 3 invasion in Europe becomes imminent as cargo ship arrives in Belgium
After conquering the United States’s luxury car market in 2018, the Tesla Model 3 is now heading to foreign territories. In Elon Musk’s letter to employees last month, the CEO noted that the Model 3’s push in Europe and China this first quarter would be critical to the company’s profitability, particularly since deliveries in these territories would start with higher-priced variants like the Long Range AWD and the Performance variant. Amidst the anticipation of the Model 3’s worldwide distribution, reports have now emerged indicating that the first large batch of electric sedans has safely arrived at the port of Zeebrugge in Belgium.
Tesla has not shared details of the first Model 3 shipment that recently arrived in European shores. That said, reports from local media outlets back in December noted that Tesla would be shipping around 3,000 Model 3 to the Zeebrugge port every week. Reports also pointed out that the electric sedans would be shipped quickly, with the vehicles being loaded on RoRo (roll-on, roll-off) ships to facilitate quick loading and unloading. As another way to optimize the deliveries of Model 3 to the region, the transportation of the cars from the United States to Zeebrugge will reportedly take only about 15 days, considering that the cargo ships carrying the vehicles would be passing through the Panama Canal.
The first of these Model 3-filled cargo ships — the Glovis Captain — has been tracked religiously by the Tesla community from its departure in the United States to its arrival at the Belgian port. As noted by a number of dedicated Tesla enthusiasts who have been tracking the ship’s whereabouts, Glovis Captain has recently docked at Zeebrugge. With this, it would likely be just a matter of time before Tesla starts delivering the Model 3 to the first batch of reservation holders in the region. Following are pictures of the cargo ship in the Belgian port as shared by members of the Tesla community.
-
- (Photo: Ulric Dabe/Twitter)
-
- (Photo: Ulric Dabe/Twitter)
-
- (Photo: Ulric Dabe/Twitter)
-
- (Photo: Ulric Dabe/Twitter)
-
- (Photo: Kristof Lambrecht/Twitter)
The Glovis Captain arrives at the port of Zeebrugge. (Photos: Ulric Dabe and Kristof Lambrecht/Twitter)
With the arrival of the Model 3 in Europe, the disruption of the auto industry that the vehicle started in the United States could very well extend to the European region. In 2018, the Model 3 all but shook the US auto market, becoming such a force that it started closing in on mainstream passenger sedans like the Honda Accord and the Toyota Camry. By the end of 2018, the Model 3 was also hailed as a best-selling car in the US’ luxury auto market, selling more than 145,000 units during the year. It should be noted that the Model 3 accomplished these feats in the US despite Tesla’s production issues with the vehicle.
In a way, the true potential of the Model 3 might actually be seen in the vehicle’s performance in the European market, considering that passenger cars are an active, lucrative segment in the region. Compared to the United States, which largely favors SUVs and pickup trucks, Europe is far friendlier to sedans. In the company’s Q3 2018 Update Letter, Tesla noted that the mid-sized premium sedan market in Europe is “more than twice as big as the same segment in the US. In the recently released Q4 2018 letter, the company reiterated this point, stating that “the market opportunity for Model 3 in Europe and China exceeds North America based on the most recent sales of mid-sized premium sedans.”
Over the past months, the pieces have fallen in place for the Model 3’s European invasion. In January, it was confirmed that the electric sedan had achieved homologation approval, paving the way for a seamless rollout of the vehicles in the region. Test drive programs for the Model 3 have also begun in select European areas, giving reservation holders and potential customers a taste of what the electric sedan has to offer.
Tesla just gave what is perhaps its biggest signal yet that the launch of the Cybercab, its autonomous ride-hailing-geared car, is imminent.
The Cybercab has been spotted outside of Gigafactory Texas in massive numbers over the past few days, with hundreds of units being stored on property just days after the vehicle received a Certificate of Conformity from the EPA.
Today, things were a bit different.
Cybercabs spotted on Giga Texas property today had an addition: a Cybercab decal on the side, reminiscent of the “Robotaxi” ones that were placed on Model Ys just as the company launched its ride-sharing platform about a year ago.
Giga Texas drone operator Joe Tegtmeyer noticed the change today:
Tesla Cybercabs are now getting “Cybercab” logos on the side of them!
Tesla did the same with Model Ys that were given “Robotaxi” logos: https://t.co/DanANtw1m7 pic.twitter.com/FqOhH0S9Ks
— TESLARATI (@Teslarati) June 19, 2026
Tesla could be signaling that the Cybercab is preparing to enter the Robotaxi fleet in the coming weeks or months with this move. It seems more symbolic than anything; Tesla is ready to throw Cybercabs in the ride-hailing platform just as it did with Model Ys last year.
The addition of the Certificate of Conformity awarded to the Cybercab is another major factor working to Tesla’s advantage. The company now has permission from the EPA to allow the vehicle to operate on public roads and enter the chain of commerce. It’s officially street legal.
Tesla Cybercab specs revealed: range, curb weight, range ratings, and more
The big question that remains is whether Tesla will be able to operate the car without a safety monitor, especially considering it plans to put the car out there without a steering wheel or pedals. With the Cybercab only having a seating capacity of two, it is hard to believe Tesla will even consider putting a Safety Monitor in the car.
It did recently self-certify as Level 4 and has the ability to operate driverless vehicles in the State of Texas under a law that took effect on May 28. You can read more about that here:
Tesla’s Robotaxi dreams just took a massive step toward reality
We’d imagine Cybercabs will be on the roads as soon as July, but August will likely be a better estimate of when the car will be entered into the Cybercab fleet. It all depends at where Tesla is, as they’ve truly prioritized safety with the rollout of the Robotaxi platform.
Elon Musk has publicly questioned Moody’s credit assessments following the rating agency’s decision to assign SpaceX a Baa1 investment-grade rating, two notches above Tesla’s Baa3. The comments came amid discussions comparing the two companies’ financial profiles.
SpaceX earned its first-time Baa1 rating with a stable outlook from Moody’s. The agency highlighted the company’s leadership in orbital launches, the growing recurring revenue from its Starlink satellite network, strong vertical integration, U.S. government contracts, and emerging opportunities in AI infrastructure.
These factors were cited as supporting robust cash flows, margin expansion, and financial flexibility.
Musk responded directly: “Tesla’s credit rating is ridiculously low tbh,” and added, “Yeah, makes no sense. Tesla has over $40B in cash, no debt, and is consistently profitable!” His remarks underscored Tesla’s balance sheet strength and profitability at a time when many traditional automakers continue to report losses in the shift to electric vehicles.
Yeah, makes no sense.
Tesla has over $40B in cash, no debt and is consistently profitable!
— Elon Musk (@elonmusk) June 19, 2026
Tesla maintains a leading position in the global EV market, with diversification into energy and storage, battery technology, and robotics through projects like Optimus. Recent financial updates show the company generated positive free cash flow of $1.4 billion in Q1 2026, supported by operating cash flow of $3.9 billion. Cash and short-term investments stood at approximately $44.7 billion.
Moody’s has affirmed Tesla’s Baa3 issuer rating with a stable outlook in periodic reviews, acknowledging the company’s EV leadership, technology strengths, including AI for autonomous vehicles, solid profitability, and strong liquidity.
Tesla (TSLA) scores Baa3 Moody’s rating for ‘stable’ outlook
However, the agency has also noted challenges in the automotive segment and expectations for margin pressures.
Musk’s critique highlights a common debate about how traditional rating methodologies apply to high-growth, capital-intensive technology companies. SpaceX benefits from long-term government-backed contracts and diversified, recurring revenue streams, while Tesla’s valuation reflects heavy investment in future technologies such as autonomy and robotics.
Both ratings remain investment-grade, yet the one-notch difference has fueled online discussion about potential inconsistencies in evaluating innovative firms.
The exchange comes as SpaceX explores financing options following its recent valuation milestones, while Tesla continues executing on its multi-year roadmap. Musk’s pointed response serves as a reminder that credit ratings, though influential for borrowing costs, represent one lens through which markets assess corporate strength—and that company leaders often view their financial positions through the lens of long-term innovation and cash generation rather than short-term risk metrics alone.
A new report from Reuters claims that a transport authority in Sweden is pushing back against the approval of Tesla’s Full Self-Driving suite because it will travel over speed limits.
The report says the Swedish Transport Administration (TRV) recommends the European Union votes against FSD’s approval. TRV believes it should not be approved until Tesla disables FSD’s ability to speed.
TRV sent a letter to the European Union’s Technical Committee on Motor Vehicles (TCMV), which is set to meet on June 30 to discuss the potential approval of the Tesla FSD suite in the country. Tesla, which has received various approvals in Europe over the past two months, has not provided a comment.
Teslas operating on FSD do travel over the speed limit, depending on the Speed Profile that is chosen. Drivers have the ability to disengage FSD at any point; Tesla specifically states that those supervising the suite are responsible for its actions.
Let’s cut to the chase: humans operating any vehicle speed almost daily in the United States. Realistically, speed limits in the U.S. are more frequently treated as speed minimums. However, other countries are different, and driving behaviors are less aggressive.
TRV believes that “allowing automated systems to systematically exceed legal speed limits…risks undermining both the legal framework and the expected safety benefits of vehicle automation,” the report stated. It’s surprising that Tesla has not received this claim from other countries previously.
This could be a good argument to bring Max Speed back, the setting that previously allowed the driver to choose the absolute fastest the car would travel.
This would still put the responsibility of supervision in the hands of the driver. It would allow the driver to choose whether the car would travel over the speed limit or not, acknowledging that they set the speed, and if they get pulled over, there would be no ability to argue it.
However, it does not seem as if this is something Tesla will do, especially considering many U.S. drivers have requested the feature in an effort to eliminate speeding or at least tone it down. The company has not shown any interest in bringing it back.
Tesla has approvals for FSD in Europe in Estonia, Lithuania, Denmark, the Netherlands, and Belgium.
Tesla gives its biggest signal yet that Cybercab launch is imminent
Elon Musk challenges Tesla credit rating from Moody’s after SpaceX gets a higher one
