Tesla Expanding in Israel as First Permanent Showroom Coming
Tesla is planning to add a new showroom and service center in Northern Netanya, Israel, according to a property lease signed by the automaker, reports Globes.
The site is located at 39-41 Hakadar Street in Netanya, complete with a nearby store from Chinese automaker Geely Geometry.
The property includes about 3,300 square meters (10,826.77 square feet) of pre-built space, and the deal also includes building rights for 300-400 percent of the surrounding area for commerce and offices, according to broker Yair Levy Real Estate Strategy.
Israel EV Sales Surge 700% Year-Over-Year, Tesla Dominates Segment https://t.co/N9t5RSv1ZK
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The property was originally listed as for sale for NIS 47 million, though Tesla reportedly signed a long-term lease on the property — despite several vehicle importers apparently having expressed interest in the location.
The Tesla store is expected to open by August, and it will also include a service center and the ability for customers to trade-in old EVs for new models. This will be Tesla’s first permanent showroom in Israel, and not just temporary pop-up shops in malls.
Tesla delivered its 10,000th vehicle in Israel in November, after the company launched its Model Y SUV last April, which was Israel’s second vehicle from the lineup. Tesla Model 3 deliveries began in Israel in 2021.