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Tesla Model 3 will dominate Germany’s e-car market in 2019, says industry expert

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With the major challenges in the production of the Model 3 behind the company, Tesla is poised to start delivering the electric sedan to other countries. Among these is Germany, which is expected to begin receiving deliveries of the Model 3 this coming February. These first deliveries, according to a German automotive industry expert, would likely usher in what could very well be the year of Tesla, where the California-based carmaker end up dominating Germany’s e-car market.

In a recent analysis, auto veteran and founder of Germany’s Center of Automotive Research (CAR) at the University of Duisburg-Essen Ferdinand Dudenhöffer stated that 2019 would likely see a massive influx of electric vehicle registrations in the country. Dudenhöffer notes that a large part of these registrations will be due to the arrival of the Model 3, which he expects would help Tesla sell up to 20,000 electric vehicles per year in Germany.

“If it works with the production and an early sales start of Model 3 in Germany, for Tesla altogether up to 20,000 sales in this country in 2019 are possible,” the industry expert wrote in his study.

If Tesla does end up selling as many vehicles as Dudenhöffer expects in 2019, the electric car maker will become Germany’s most successful EV brand. While other EVs and electrified vehicles are available in the market, after all, no other car comes close to the estimated sales numbers of the Model 3. From January to October this year, for example, Dudenhöffer notes that Smart sold 7,030, Volkswagen sold 6,420, and Renault and BMW sold 5,150 green vehicles each. Tesla, which so far only sells the Model S sedan and the Model X SUV in Germany, sold 1,678 cars in the same period.

Dudenhöffer notes that the Model 3’s arrival in Germany will likely get a boost from upcoming, EV-friendly government regulations as well. Currently, employees who use their company cars privately are taxed 1% of the vehicle’s value. Starting January 1, 2019, company cars that are electric will receive half the tax. According to German publication Wirtschaftswoche, electric car drivers can save as much as 200 euros with the upcoming system in place.

The Tesla Model 3 has become a force to be reckoned with in the American auto market. As the electric car maker hits its stride in the production of the Model 3, Tesla has begun an initiative to bring the vehicle abroad. Over the past months, Tesla has brought the Model 3 to several countries in Europe, as well as key markets in Asia such as China and Japan. With each stop in its worldwide tour, the Model 3 was received with much interest.

Local media reports from Europe indicate that Tesla is planning on shipping 3,000 Model 3 per week to the region starting February 2019. Belgian news agency Focus-WTV has noted that the vehicles would be arriving every week in the port of Zeebrugge, located on the coast of Belgium. The vehicles will reportedly be shipped through the services of transportation firm International Car Operators (ICO), which utilizes rapid RoRo (roll-on, roll-off) ships that are capable of loading and unloading cargo quickly.

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A video reportedly featuring what could very well be one of the first large shipments of Model 3 sedans to Europe was shared by WTV to Teslarati. The clip, which was taken earlier this month and which features rows of covered electric sedans in ICO’s Zeebrugge site, could be viewed below.

Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

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Elon Musk

Elon Musk sheds two new bits of detail on Starship after 13th test launch

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Credit: SpaceX

Elon Musk shed two new bits of detail on Starship following its 13th test launch, which was an overwhelming success.

SpaceX launched Starship for the 13th time last Friday after two delays: one on Monday when several Raptor engines did not ignite, and another on Thursday due to unfavorable weather conditions in Starbase, Texas.

The launch was overwhelmingly successful. SpaceX was able to complete a necessary test of the heat shield tiles by increasing the acceleration of Starship from launch throughout the flight; 20 Starlink v3 satellites were released with no issue; the Super Heavy Booster landed safely in the Gulf of America, Ship successfully reignited engines while in space; and it also splashed down without incident in the Indian Ocean.

SpaceX Starship just nailed something it’s never done before

Nevertheless, more details are coming out about Starship, and Musk is doing the talking.

Starship Will Be Retrieved in the Ocean

Musk revealed on Tuesday night that Starship would be recovered by a ship in the Indian Ocean. SpaceX routinely tries to recover Starship after splashdown in an effort to find out more about the flight by examining the spacecraft afterward.

This helps engineers find out more about why things might have happened, allows them to examine any potential damage or anomalies that might have occurred, and increases the chances of an even more successful flight next time thanks to the additional information recovered.

Ship Could Have Been Caught by Tower Arms, Musk claims

Musk has already indicated that SpaceX will plan to attempt a catch of Starship with the 14th test flight. While this would be a major accomplishment, it would be an expected next step, considering the fact that the Super Heavy Booster has already been caught by the chopsticks on numerous occasions.

A ship catch would be a great indication of where SpaceX stands in terms of reusability and launch cadence. A successful catch with relatively no incidents would be a good sign that SpaceX is nearing a more frequent launch of Starship, but also that the reusability of the massive rocket would be something many would expect in the near future.

It is a necessity to make life multiplanetary.

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Elon Musk

Elon Musk updates the SpaceX timeline for Mars

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Rendering of a colonized Mars by way of SpaceX
Rendering of a colonized Mars by way of SpaceX

Elon Musk has updated his timeline for when humans will walk on Mars and for when ships will simply get there.

The objective of getting to Mars has been one of Musk’s biggest goals since becoming a serial entrepreneur and realizing that time on Earth is limited. Musk has said several times he hopes to die on Mars, and not by impact.

Musk now believes that people will be on Mars in “roughly 5 to 7 years.” He said that a Mars lander will get there “a few years sooner.”

The response from Musk comes after NASA Administrator Jared Isaacman said that SpaceX’s biggest priority is the Moon and not Mars. Because of this, Isaacman conceded that he believes nuclear power and propulsion investments will provide “potentially the pathway with the fewest miracles required to put four people on Mars in the next 10 to 15 years.”

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Of course, this is what NASA can do through taxpayer funding and nuclear investments, he added.

Musk’s grand ambitions are much more optimistic than most, and it is certainly a double-edged sword. This is not the first time timelines for Mars have been somewhat lofty, especially to those normal thinkers like you and me, not super geniuses like Musk.

SpaceX Board has set a Mars bonus for Elon Musk

In fact, the SpaceX and Tesla frontman has said on at least a dozen occasions that we could be on Mars in the coming years. Musk said 2020 would be the big year as early as 2009. In 2020, he was “highly confident” of a landing in 2026, and had even said 2024 in a best-case scenario.

The point is, the range has varied, and it’s anyone’s guess when we’ll get there. This latest adjustment to the timeline is typical of Musk, and while the Moon has seemingly taken priority over Mars, it is still worth mentioning that the ultimate goal is to make life multiplanetary, and it starts potentially with the Red Planet.

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Investor's Corner

SpaceX gets an absolutely crazy price target after rough IPO

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Credit: SpaceX

SpaceX (NASDAQ: SPCX) got an absolutely crazy price target rating from Raymond James after the company experienced a tough first few weeks following its Initial Public Offering (IPO).

Despite the tumultuous start, SpaceX has plenty of believers, and the company’s massively successful Starship launch last Friday, its 13th test flight of the massive rocket, went so smoothly that Raymond James analysts pushed its price target on the company to roughly 7 times its current trading level.

SpaceX Starship just nailed something it’s never done before

The firm officially put a “Strong Buy” rating and an $800 price target on the stock. It currently trades at around $113. Its all-time high is $225.64, reaching this trading level shortly after shares first went public.

Raymond James’ price target is tied to the firm’s confidence after Starship’s 13th test flight. Analysts at the firm said it was an incremental step that reduces engineering risks, citing the widely successful heat shield test that CEO Elon Musk recently detailed, the smooth deployment of Starlink V3 satellites, and a successful in-space engine relight.

SpaceX also managed to see Starship splash down safely in the Indian Ocean, while the Super Heavy Booster fell down to the Gulf of America with no incidents.

It is interesting to see these launches have such a tremendous impact on the stock and what investors think of it. After SpaceX initially delayed the Starship launch last week, shares fell tremendously. Most probably did not realize that the stand-down is a standard practice, especially if everything is not perfect.

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The mission was initially aborted due to an issue with Raptor engines. This was resolved, and Starship launched last Friday after another delay on Thursday, which was caused by weather.

Now that analysts have seen what SpaceX launches are capable of and how impressive the feat is, firms are adjusting their price targets accordingly, making it known that they have high expectations for the space exploration company.

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