Tiny Url
Oct 30 2018

Tesla pulls plug on investment in Turkey

U.S. electric car company Tesla has announced that it will no longer be opening a store in İstanbul’s Zorlu shopping Center, Dünya newspaper reported.

The automotive giant began running job advertisements in Turkey in June, following an announcement by the company’s CEO, Elon Musk.

The latest news on Tesla follows a move by Turkey to increase tax on cars from the U.S. by 60 percent in June and 120 percent in August, amid an ongoing diplomatic row between Ankara and Washington over the detention of a U.S. pastor and other U.S. citizens.

New orders for Tesla cars have come to a halt, Dünya said, quoting General Manager of luxury car sales market leader S&S Motors, Ferhat Albayrak.

‘’There is still not demand for Tesla, in light of additional customs tax,’’ Albayrak said. ‘’It is nearly impossible for a normal consumer to buy Tesla, because now it will not have any service centers here.’’