"Well, we -- I think there's probably work to do in a number of locations in Europe, mostly because we still have to sort out a number of charging issues," Musk said on Tesla's fourth-quarter earnings call. "Because the -- even though the EU is sort of one market economically. It's certainly not one market from an electricity standpoint. So we're sorting through a number of charging issues over there. And I think that's what's slowing down our [indiscernible] temporarily, but we feel confident about addressing those in the very near term and expect that the sales will do -- will pick up quite a bit over in Europe."
Outside of Tesla's European announcement, Morgan Stanley continued to pound the tablet on Tesla as being more than an auto manufacturer, especially as it relates to the recently announced Gigafactory.
"Tesla's Gigafactory targets exceed our expectations in terms of both scale and implied cost per kWH," analyst Adam Jonas wrote in a research note. "Our N. American Electric Utilities team sees major potential for a continued trend of distributed energy generation with potential benefits to Tesla."
Jonas recently raised the price target on Tesla to $320, noting that depending on the success of the Gigafactory, "there is significant potential for revenue streams not captured in our $320 price target."-- Written by Chris Ciaccia in New York >Contact by Email. Follow @Chris_Ciaccia