Tesla electric vehicle sales gaining momentum in Australia
Elon Musk's Tesla (NASDAQ:TSLA) electric vehicle sales are picking up pace from a low base in Australia and are set to catch up with sales of its Powerwall home batteries in the country, Chair Robyn Denholm said on Tuesday - Reuters.

"We now have more than 26,500 Teslas on Australian roads, and the momentum is there," Denholm said at the Australian Clean Energy Summit in Sydney. I personally wouldn't be surprised if we double that number by the end of the year."
Australian market makes up about 1% of Tesla EV's on the road, totalling 2.5M globally at the end of 1Q.
EV's make up just 2% of new car sales in Australia.
But the lack of fast charging stations is weighing on the rapid uptake of EVs.
Tesla (TSLA) sources three-quarters of the lithium it needs for its batteries from Australia, but the country hardly has any refining capacity for higher value material that goes into batteries.
The company is all set to provide its Q2 earnings after the market close on Wednesday.
Shares up 1.3% PM.