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Jerusalem Life

| Electric Car Giant Tesla Begins Push to Enter Israeli Market

Janglo News    
Monday, 09 December 11:33 AM

 Electric and autonomous car company Tesla is moving forward with its plans to enter the Israeli market. The company has hired local lawyers and custom brokers to accompany Tesla Europe representatives from the Netherlands to meetings with the Israeli ministries of transportation and energy, according to several people familiar with the matter who spoke to Calcalist on condition of anonymity. The purpose of the meetings was to examine the legal demands Tesla will face as a local car distributor, the people said.

Up until recently, Israeli law required companies importing cars to have at least 90% of their shares owned by Israelis, but, since September, a company only needs to be headed by an Israeli to operate. Last month, Tesla incorporated locally as Tesla Motors Israel. The company has also begun searching for a country manager, posting a wanted ad on its website.

Full Story (algemeiner.com)
         
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