Within 24 hours, Tesla Motors (NASDAQ:TSLA) made these two tweets:
In other words, Tesla just went from zero to six Superchargers in Europe in one day. And according to another tweet, 6 Superchargers in Norway puts 90% of Norwegians within 320 km of a Supercharger station, "well within the Model S' 425 km range."
With 90% of Norwegians within range of a Supercharging station, the company exceeded the plan for 80% coverage that it laid out in the second quarter letter to shareholders.
Tesla said in its second quarter letter to shareholders that the company would begin its European expansion with deliveries to Norway, Switzerland, and the Netherlands.
"In Norway alone, we expect to deliver almost 800 vehicles this year based on current orders," the letter said.
A key point bears are missing
Though Tesla's stock boasts a dubiously lofty premium, this is still the wrong stock to short. If there's one aspect it seems like the bears are overlooking, it's Tesla's Superchargers expansion.
By 2015, the company plans for 98% of the U.S. population to have access to a Supercharging station.
And now investors are beginning to get a first glimpse of Tesla's ambitions for Supercharging stations in Europe -- and it's looking good.
Tesla is hedging its success with its aggressive Superchargers expansion by building out the infrastructure needed to support high volume production. And now with the company's aggressive expansion in Norway, investors can be even more confident in the its plan to expand its infrastructure.
This story is just another reason why Tesla stock is likely worth holding onto over the long haul, even at today's lofty valuation.