Tesla registered a wholly-owned subsidiary in Israel and is expected to begin operations in 2020

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by Ifi Reporter Category:Communication Dec 2, 2019

About two weeks ago, Tesla registered a wholly-owned subsidiary called "Tesla Motor Israel". The reason for listing the company is probably the vehicle import regulations in Israel, which require a car importer to be a company, registered in Israel.
According to the Companies Registrar, the Company's description is "Import, Distribution, Sale, Maintenance and Repair of Electric Vehicles and Stationary Energy Storage Equipment Systems, Energy Production Equipment, including Solar Panels, Solar Energy Systems, and / or Other Solar Energy Conversion Systems, and General All other energy production systems, related products, parts, accessories and related equipment, and to develop, own, operate, purchase, sell, maintain, plan, engineer, obtain, build, install and order stationary energy storage systems, energy production systems and equipment. Company description, its business will include import, distribution, sale, maintenance and repair of electric vehicles and systems D. stationary energy storage.
The definition for the first time suggests that Tesla wants to operate in Israel not only in the field of electric vehicle marketing but also in the field of renewable energy, with emphasis on solar energy. It should be noted that Tesla also has a subsidiary engaged in the development and marketing of solar panels and advanced shingles, established in 2016, and recently began marketing a new and advanced generation of "solar glass roofs" that it claims to convert solar energy more efficiently than any other existing solution. Tesla's solution for private homes also integrates with innovative charging positions, which allow homeowners to store and use energy for household needs, such as charging their cars or using the home network, rather than sending solar power to the national grid as is customary. The venture began as a collaboration with SOLAR CITY, which Tesla acquired for $ 2.6 billion in 2016. The company's registered address in Israel is a law firm Naschitz Brandes, which represents Tesla in Israel.
The market expectation is for the automotive giant to enter the Israeli market towards the second half of 2020, and the company itself has long been in the process of preparing for entry into the market.
In recent years there have been quite a few attempts to import Tesla vehicles to Israel, but these have come to refuse because Tesla's business model is built on direct sales of the company, mainly through the site, rather than through local dealers. If it does begin operations in Israel, Tesla will be the first vehicle company in Israel not sold through a third party.
As part of its third-quarter results, Tesla reported that it had created about 96,155 new vehicles in the last quarter, delivering roughly 97,000 vehicles. Of the total number of vehicles delivered in the last quarter, 79,600 were the company's "Model 3". The company tried to minimize disappointment when they argued that "our dedication count should be viewed as a bit conservative, and that the final numbers may change 0.5 percent upward."

 

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